CONDOMINIUM INSURANCE
Your Strata Corporation is responsible for placing insurance on your building and common areas.
Your condominium policy would provide coverage for your personal belongings and liability in the event of a total loss. It will also provide coverages necessary for your other condo owner related exposures:
Many things affect your Autoplan premiums:
- Unit improvement and betterments
- Contingent loss assessment (common areas)
- Unit loss assessment (your unit)
- Liability loss assessment
- Loss of use of your unit
- Strata deductibles