Condo Insurance

Coverage Options in Condominium Insurance Plan

All the essentials are covered by the condominium insurance. The insurance covers an improvement in your home units such as carpets and also common area damage. It also includes contingent insurance to cater for any lapse that may occur in the condo insurance offered by your corporation.

• The condo insurance includes prestige and classic options. These options determine the kind of perils covered by the plan.
• While the classic coverage covers most basic perils, the prestige coverage covers additional perils such as paint spilling on the carpet.
• The condominium insurance covers the condo owner for both personal property and liability.
• The coverage allows you to make improvement in your units such as adding a new carpet, cupboard, bathroom fixtures and ceramic tiles.
• The Co-operators also includes contingent insurance to take care of damage or loss that occurs due to deficiency of your condo corporation’s policy.
• You can add additional insurance to your policy in order to cover items like bicycles, watercraft, jewelry and so forth.

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