Condo Insurance In Barrie

You only realize just how much stuff you have when you’re moving out. You fill box after box with your clothing, jewellery, and electronics.

Now, think of how much it’d cost to replace all those belongings. It adds up quickly!

With personal contents coverage, you won’t have to shoulder that cost alone. Protect your valuables with condo insurance. You’ll be reimbursed for belongings that are stolen in a break-in or damaged by a fire.

The great thing about owning a condo is you’re free to upgrade it how you wish. You don’t need to get your landlord’s permission before painting the walls, setting up a new shelving unit, or upgrading the lighting.

However, you still need insurance to cover those improvements. This policy will apply to any renovations you’ve made to the condo.

Lawsuits and property repairs are expensive. But with personal liability coverage, you can make sure you’re protected from these costs. This coverage applies when:

• People who may be hurt in your condo decide to sue
• You cause damage to the condo building and need to pay for repairs
• You cause damage to another property or person when you’re in their home

If you have to leave your condo while it’s being repaired, you’ll need to pay for hotel fees and takeout meals. When your life is turned upside down, these costs add even more financial stress. But with condo insurance, your alternate living arrangements will be covered.

As a condo owner, you’re responsible for your unit, but you also contribute to the maintenance of common areas. If you need to pay for damages to these areas, this insurance will help cover your share. It will also kick in if there is a lawsuit against your condo corporation.

The answer will depend on the condo corporation of your building. If you’d like advice from one of our insurance advisors, give us a call!

You’ll need to talk to your condo board to get specifics; the answer varies depending on your building. But typically, you’re responsible for the contents of your unit and pay for maintenance of the common areas (the lobby, elevators, and any amenities).

This is a type of condo ownership where you own the single plot of land the condo unit is part of. Bare land condos usually have higher condo fees; you may need to pay for the maintenance of sidewalks and roads.

Lower the cost of your insurance with the following:

• Mature customer
• Claims-free
• Local or monitored alarm
• Sprinkler
• Water leak detection device
• Company loyalty
• Bundle your condo and auto insurance

The condo corporation’s building is for the structure of that building. This is different from your personal condo insurance, which covers the contents of your unit and any upgrades you make.