Property Insurance | Condominium Unit Owners

As a condominium owner your insurance needs are not limited to just your personal belongings. Other considerations need to be addressed when putting together a proper insurance plan. Our personal insurance team understands these considerations and has developed a series of insurance packages to meet the needs of condominium unit owners. Whether your condominium is your primary residence, a seasonal retreat or rented out to tenants, we have the package you require.

In addition to personal contents coverage our 'All Risk' Replacement Cost packages also provide coverage for the following:

• Unit improvements and betterments made or acquired by you.
• Contingent coverage on insured damage to the portion of the building you occupy should the Strata Corporation not carry adequate insurance.
• Special assessment coverage covering your share of special assessments levied against you as a unit owner for insured damage to commonly owned condominium property.
• Additional living expenses
• Personal liability
• Building glass

For a personal consultation with a personal insurance account executive, contact us at personal@falkins.com or call our location nearest you.

SHORT TERM RENTAL CONDOMINIUM UNITS

This program is designed for condominium units that are rented out on a daily or weekly basis.

• All Risk coverage including vandalism on property owner’s contents & appliances
• Standard $1,000 deductible

Automatic extensions of coverage for:

• $10,000 unit improvements & betterments
• $75,000 loss to your condo unit
• $75,000 loss assessment coverage
• $6,000 rental income protection
• Replacement Cost coverage on property owner’s contents
• Optional coverage available for water escape / sewer backup

A rental agreement must be in place

For a personalized consultation with one of our personal lines account executives, contact us at personal@falkins.com or call our location nearest you.