Condominium / Townhome Insurance

If you want to protect your property and be a good neighbour at the same time, it’s important to get the right condo insurance coverages. BC properties have some unique coverage requirements you want to be sure to consider.

Coverage Includes

Personal Property / Replacement Cost

This covers all of your contents that are on your property, including furniture and electronics, but also a whole lot more things you may not have thought of.

Betterments and Improvements

Your condominium corporation’s insurance does not cover upgrades that you or a prior owner have made to your condominium unit.

Additional Living Expenses

In the event of a claim that requires you to leave your premise while the repairs are being made, this coverage will provide assistance for increased costs of living during your claim.

Liability

While you are responsible for the condition of your property and safety of those that come on to it, Liability coverage pays damages for personal injury or property damage that you are legally obligated to pay.

Sewer Back-Up

If you ever need it, this is one insurance policy you’ll be glad you have.

Overland Water*

There’s a lot of water in BC. This coverage will provide protection against a variety of water damage threats.

Earthquake – Personal Property*

When it comes to condo insurance, Vancouver owners should always consider earthquake coverage, so your contents can be protected.

Strata Deductible Assessment Coverage

Condominium claims and losses are a big issue affecting condominium owners. Your strata building insurance policy may have large deductibles that you could be responsible for. Knowing these strata deductibles will help you select the right coverage.

Loss Assessment

Condominium owners can be personally responsible for damages to Strata Common Property that originate from your unit.

Contingent Liability

This applies in situations when a Strata Building Insurance Policy has insufficient or no coverage. In cases like this, your Contingent Liability coverage will respond to pay for losses from covered claims for which you are responsible.

Identity Theft

If your identity is compromised, then you will receive coverage for reimbursement of expenses associated with restoring your identity such as legal, notary, government fees and charges subject to policy limits.

Condominium / Townhome Insurance FAQs

How do I get a copy of the strata building policy?

Where is the common area in my condominium or townhome?

Why are strata rates rising?

Is my assigned storage locker insured by my condominium policy?

Terms and conditions apply and rates, coverage, underwriting guidelines and product availability are provided by the insurance companies represented by Allwest Insurance. They are subject to change without notice.

*Indicates coverage may be optional or increased for additional premium

Common Add-On Coverages

Discounts and Ways to Save

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