05/31/2026
Condo Insurance🏡
This can be a very confusing topic for condo owners.
What does the condo corporation cover?
Answer: Each condo is unique in its requirements and therefore the condo master policy is tailored to its needs. Talk to your property manager for more information.
Why does an owner also require homeowner insurance (condo pak)?
Simple Answer: The insurance for the condominium corporation is to rebuild/replace incase of a loss to maintain the integrity of the development as a whole. Your condo pak will provide you coverage to your unit. Talk to your insurance broker for more information!
You want to be sure that you can cover any corporation deductibles and ensure any betterment or improvements made to your unit since build/development are going to be covered.
It is strongly encouraged that you take your condominium master policy and visit your insurance provider.
Chat with your trusted indutance broker for more details!