Coverage Highlights / Key Features
- Personal Belongings: Protects furniture, electronics, clothing, and other personal items.
- Liability Coverage: Safeguards you if someone is injured in your unit or if you cause accidental damage to others’ properties .
- Unit Protection: Covers your condo unit’s interior and renovations not covered by the condo corporation’s master policy.
- Strata Deductible Coverage: Helps cover your share of strata policy deductibles.
- Additional Coverage Options: Sewer back-up, overland water, and earthquake coverage can be added for enhanced protection.
- Additional Living Expenses: Covers temporary accommodation and living costs if your home becomes uninhabitable due to a covered loss.
Why It Matters / Benefits
While the condo corporation covers the building’s exterior and common areas, your personal space and belongings need dedicated protection. Condo insurance ensures you are not financially exposed for damages or liability within your unit.
Who It’s For
- Condo and townhouse owners
- Residents who want to protect their personal belongings
- Anyone seeking worldwide liability protection