Coverage Highlights / Key Features
- Water Damage Deductible Protection: Covers the portion of the Strata Water Damage Deductible that exceeds your Condo Unit Policy.
Why It Matters / Benefits
Recently, many Strata Corporations across BC have experienced significant increases in their water damage deductibles. In some cases, these deductibles now exceed the coverage limits available under standard condo unit policies, leaving owners financially exposed in the event of a loss.
Who It’s For
- Condo and townhouse owners under a strata corporation