Condominium

Protect your personal corner of the world.
Condominium owners experience some of the best aspects of both home ownership and renting. As a condominium owner, you have title to your own unit, as well as a share in common areas such as the lobby, swimming pool, parking garage or garden. In fact, virtually the whole structure is common except, perhaps, for the interior paint and wallpaper and floor covering of your unit. However, you and your fellow owners can be held personally liable if things go wrong.

A condominium insurance policy is a low-cost way to remove some of the financial worries of condominium ownership.

Liability and contents coverage are as important for condominium owners as they are for all homeowners and tenants

 "Owner's improvements" coverage is an important consideration as most policies have standard limits, which may not be high enough to cover upgrades (carpet, hardwood, custom counters or light fixtures, built-in cabinets or sound systems, etc.).

"Supplemental" coverage insures your condominium unit itself so that you will be protected in the event that the corporation’s insurance is insufficient.

"Loss assessment" coverage is an important feature of condominium insurance because you share responsibility with others for common property. Under certain circumstances, the insurer will pay, up to a stipulated limit, your portion of any special assessment that is valid under your condominium corporation’s governing rules.

Ask us today how you can save on your auto insurance by combining it with your condo insurance.