Condo Insurance

Whether you're a first-time condo buyer or have been living in strata-title situations for years, it's important that you get fully covered for the Vancouver home insurance risks that are unique to condominium living.

Sharing ownership of buildings and common areas can bring challenges but that's nowhere near as challenging as attempting to protect your investment in your condo once you've suffered a fire or other significant loss without having a good insurance policy.

Coverage for Strata Deductibles

Finding out what your strata deductibles are can be an extremely important move. In some cases, strata corporations select high deductibles for their insurance to keep their premiums low. But if they wind up having to file a claim, the money for that large deductible – sometimes as high as $50,000 to $100,000 – comes from unit owners in the complex.

Condo Insurance Coverage

We sell thousands of condominium insurance policies every year but only after working with each of our clients individually to ensure they're adequately protected given the situation they're in. As leaders in the Vancouver home insurance market, our condo insurance policies start with coverage for:

  • Contents
  • Liability
  • Property loss assessment
  • Unit improvement & betterments – includes coverage for changes made by you and other previous owners to improve the unit from its original state
  • Water damage – keeps you safe from damages to your unit as well as any caused to other units as well
  • Unit contingency liability

Condo Insurance Options

Depending on your circumstances, we may recommend other protection options such as:

Let us help you

Let our condo insurance specialists help you with a free assessment of your insurance needs by contacting us at any of our insurance offices in the Vancouver area.