While the condominium may have a strata corporation that insures the building and common elements that insurance does not always apply to unit owners and there can often be gaps in coverage. The fact is, while the building itself may be protected, the contents inside your unit are definitely not.
As a condo owner, there are special requirements for your insurance policy because the building and your unit have separate insurance requirements. Condo insurance is valuable for unit owners because not only does it cover your personal property, but it also covers parts of your unit that aren’t covered by your association’s insurance policy.
The two main types of condo insurance are: condominium master insurance, which insures the structure and shared amenities such as a pool or gym, and condominium rental insurance, which insures the contents of the condo against damage from vandalism, theft, or weather, as well as plumbing or fire damage to the condo.
We can provide all your condo insurance needs, so call one of our offices in Surrey, Delta, New Westminster or Burnaby today!
Contact us at the Allied Insurance Services office nearest to you or submit a inquiry online.