Condo insurance protects your personal belongings and any improvements that have been made to your unit, in addition to providing liability protection in case you cause property damage to other units or if someone gets hurt while visiting your condo.
Liability insurance: Covers lawsuit costs after injuries or property damage if a family, friend, visitor, or another third party sues you for these claims. Loss of use coverage: Covers costs associated with having to relocate if a fire or another listed event causes severe damage to your unit...
Protect what your association insurance doesn’t with condominium insurance. The Hanover’s basic condominium owners’ policy covers your possessions, repairs to the inside of your unit, liability claims brought against you for bodily injury and property damage, and more. It’s even easy to add ...
If your claim exceeds $25,000, and the applicable deductible amount on your Certificate of Property Insurance is $1,000 or less, the deductible will not apply to your claim. Liability Coverage Condo living brings an increased risk of doing accidental damage to another person's property simply ...
Legal responsibility or court expenses incurred in the event you are sued for bodily injury or property damage as a result of your negligence Accidental damage you may have caused to someone else’s property Medical payment to others for injuries that occur at your condo or are caused by you ...
Finding the Best Condo Insurance Quote and What You Need to Know The cost of your condo insurance is dependent on numerous factors, including the amount of property coverage you choose to purchase. Insurance providers can accurately calculate the cost of insurance once you have provided them with...
Valuable Personal Property Insurance Also known as VPP, this policy provides extra coverage for items like jewelry, guns and more. And there's no deductible. Condo Insurance FAQ The main difference is homeowners insurance also covers damage to the outside structure of your home. Your condo policy...
In addition, condo insurance covers your personal belongings, and provides personal liability protection, loss of use coverage, and medical payments to others if they were accidently injured on your property. What is the difference between homeowners insurance and condo insurance? Condo insurance ...
Goldstein says managing agents can also adversely impact insurance rates or coverage if they are deemed negligent. This is especially important when looking at directors and officers liability insurance, a notice of occurrence policy. “A management company arguably has both a contractual and fiduciary...
Condominium Insurance Solutions “I specifically asked the property manager how he had located us and he said in the new online edition of Toronto Condo News. We have spent so much on advertising in the past, never to receive such a quick response. We appreciate how efficiently and diligently...