Choosing the right Condo Insurance

When you purchase a condominium, you own your “unit” and own a share in the common areas of the condominium — the roof, basement, elevator, heating room, lobby, swimming pool, parking garage, or garden. As a condominium owner, you may be held responsible for harm you might cause to any part of your building, or to others who live or visit the condominium complex. A condominium insurance policy can remove some of the financial worries of condominium ownership.

The insurance policy provides coverage for your personal property, liability, structural improvements you make to your unit and additional living expenses if you are the victim of fire, theft or other disaster listed in your policy.

An important feature of your own insurance policy is loss assessment. As a condominium owner, you share responsibility with others in your building for common property. Loss assessment protects you from damage to these common areas.

Sometimes the condominium corporation is responsible for insuring the individual condominium as it was originally built, including standard fixtures. In this case, you’d only be responsible for insuring your personal property and any alterations you or a previous owner have made to the original structure of the condominium like remodelling the kitchen or bathroom. In other cases, the condominium corporation is responsible for insuring only the bare walls, floor and ceiling. You’d be responsible for insuring your personal property, plus things like the kitchen cabinets, built-in appliances, plumbing, wiring and bathroom fixtures. Take the time to find out what’s included in the condominium corporation’s policy. You can then decide what to include in your personal insurance policy.

We’re ready to find you Burlington’s best Condo Insurance. It’s worth a call to find out your options...

Contact Us

Your Brokers. Your neighboUrs. Your friends.

Our people make the difference

Being a local brokerage means we're there when you need us. We work for you!
Meet our team.

  • Kira Krukowski
  • Natalie Thomson
  • Lori Burmaster
  • Cindy Colby