Condo Insurance

CLOVERDALE INSURANCE IS A TRUSTED NAME IN CONDO INSURANCE

If renting a condo and the strata corporation is responsible for insuring your building, condo insurance is targeted towards insuring your personal belongings in the event of damage or total loss to your condo. If you own a condo, we can provide condo insurance coverage to cover your personal contents, loss of use, unit improvements and betterments, special assessments and personal liability. We offer quality products from major insurers to protect condo unit owners. We additionally provide condo insurance coverage for strata titled buildings. We can apply various discounts to save money for eligible customers including Alarm, Claims Free, Loyal Customer, Mature Age, and Newer Unit Discounts. We also offer convenient payment options including monthly payment plans.

WHY SHOULD I BUY CONDO INSURANCE?

While the condominium may have a strata corporation that insures the building and common elements. Same insurance may not apply to unit owners and there can often be gaps in the coverage. The fact is, while the building itself may be protected, the contents inside your unit are probably 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 strata association’s insurance policy.

TYPES OF CONDO INSURANCE

The two main types of condo insurance are: condominium strata 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.