Condo Insurance in British Columbia
Condo Insurance is specifically designed for BC condo owners or owners who have stratified their duplex units and require contents coverage. Condo and townhouse owners have unique insurance needs, particularly compared to owners of detached homes. While the Strata covers damage to the building, it does not protect your possession inside your unit. As a result, Condo Insurance is designed to protect gaps that may exist in Strata corporation insurance policies and is generally quite simple to purchase.
Your building’s strata corporation has an insurance policy with various deductibles that will be assessed to each owner. This part of the policy will cover you for those deductibles.
This part of the policy provides coverage for all of your personal belongings inside your condo, such as furniture, appliances, electronics, books, clothing, etc. This also includes personal property temporarily held at other locations.
When a situation occurs that results in unintentional bodily injury or property damage to others arising form your actions, your insurance policy extends coverage to protect you against liability claims and lawsuits.
Additional Living Expenses
If you have to temporarily relocate while your condo is being repaired after a covered loss, this part of the policy will provide coverage for additional costs such as hotel, meals, storage costs and other living expenses.
Betterments & Improvements
This portion covers any improvements or renovations that you or any other owner has made to the unit.
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Optional Add-ons and Customizations
To cover any damage caused to your home as a direct result of an earthquake, you can add this coverage to your home insurance policy.
This coverage provides broader water damage protection for loss or damage caused by sewer backup, an overflowing appliance or overland flood from surface water or ground water. This coverage may not be available to all BC residents.
In addition to a number of add-ons, our online home insurance policy provides a number of flexible customizations. You can set the limits that you want, schedule personal property, and more.
Our online condo insurance policy offers a comprehensive all-inclusive insurance offering specifically for our BC customers. It features a series of industry-leading coverages, elevated coverage limits, and it’s backed by superior, locally operated claims service. We have featured some of the key components of our online condo policy below.
Amount of Coverage
Get an Online Condo
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Tips & Tricks
Build your claims-free discount
Most insurance carriers provide discounts to those who have gone several years without experiencing an insurance claim.
Improve your home security
Make your property more secure with a monitored burglar alarm system. Many insurance carriers will offer you a home security discount as a result.
Paying annually for your premium typically offers savings over monthly financing.
Frequently asked Questions
I own a condo and rent it to someone else. Should I get Condo Insurance?
If I make improvements or renovations to my unit, will they be covered?
Is Condo Insurance mandatory in B.C.?
What is condo deductible protection?
What does Condo Insurance cover?
Looking to File a Claim?
Our dedicated claims department is committed to making the claims process as smooth and stress-free as possible. Whether you need to file a claim for your home, vehicle, or business, we have the expertise to guide you through the process.