If something happens outside the walls of your condo—like a storm rips off the siding, or a window is damaged—your building association's insurance covers exterior damage and repairs, not you. But when it comes to protecting what's inside your home, you need comprehensive, not patchwork protection.
That's why if the unexpected happens, you'll want more than a cheque. You'll want to be made whole quickly - and to repair or replace all the details that made your home special.
If you've upgraded the details of your home, like custom cabinets and appliances in your kitchen, or a state-of-the-art entertainment center in your family room, we'll replace them for their full value up to your policy limit. You can also opt in for Extended Replacement Cost coverage, which goes beyond your policy limit to rebuild or restore your home.
If something happens to common area property such as the pool, clubhouse or lobby, even if it's covered by your association insurance, you may still need to kick in for the policy deductible, which could be huge. We include generous coverage up to $25,000 for your share of a loss assessment; and higher amounts may be purchased. Ordinary condo insurance is limited.
We'll take the time to understand what makes your home unique by noting the special details - like high-end appliances, or unique moldings. We'll make sure you have the right replacement cost should the unexpected happen.
Because you're our client, we look for ways to pay your claim. That's why our adjusters are trained to respond to you within 24 hours, and if approved, to pay your claims with 48. And if you need temporary housing while your condo undergoes repairs, we'll put you up at a premium hotel or help you find a rental in your neighbourhood.
Disclaimer: This information is descriptive only. All products may not be available in all provinces and territories. Coverage is subject to the language of the policies as issued.