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1 min read

What's Covered Under Your Condo Insurance?

By Gina Schopfer on Sep 15, 2021 8:50:41 AM

When buying a condo, there are many factors to consider. One of these factors is condo insurance, and what's included in your coverage. Should a loss occur, the condo corporation is responsible for rebuilding the property to its original glory, which would usually include the flooring, countertops, and the "fixtures and finishings" that go into the property.

Topics: Condo Insurance Condo
4 min read

How Does Tenant Insurance Work?

By Gina Schopfer on Aug 13, 2021 2:38:44 PM

If you're a renter, chances are you've considered tenant insurance. Tenant insurance stands apart from other types of property insurance, like home insurance, as it's not intended to cover damage to the physical space itself. Tenant insurance mainly focuses on your personal items found in your rented space, like your clothes, electronics, and other valuables.

Topics: property insurance tenants Tenants Insurance Condo Insurance
3 min read

SGI Adds Restrictions to Condo Policies

By Gina Schopfer on Mar 5, 2021 1:12:19 PM

SGI has introduced new coverage requirements for condo policy holders. Effective March 1, 2021, SGI requires that a client's condominium corporation maintains adequate condo insurance for the building itself. This is in effect for all new policies, and could affect existing policy holders with coverage limitations. With current market conditions, this could also become a reality for other insurance companies.

Topics: SGI Canada Condo Insurance Home Systems Protection Service Line Coverage
2 min read

New Condo Guidelines Could Leave Condo Owners Holding a Bill for $50,000

By Rob Stevenson on Jan 13, 2020 12:40:05 PM

The Canadian Condominium Institute has announced changes to the Condominium Property Regulations that may  leave condo unit owners holding a bill for up to $50,000. The changes that took effect on January 1, 2020 will allow condo corporations to seek recovery of insurance deductibles from an owner for damages that originate from the owner's unit.

Topics: Condo Insurance


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