+1 (780) 479-0005
1281 91st Street Southwest Edmonton, AB
What insurance do I need if I’m purchasing a condo?

When it comes to buying a condo, there are certain insurance coverages soon-to-be owners need to understand. It’s also important to know the difference between insurance for the condo association versus insurance for the condo owner.

Understanding what’s covered

A condo association insures the building and common areas. It does not insure possessions in each unit or provide coverage if a condo owner damages another unit or if someone becomes injured in a unit and files a lawsuit against the owner. This is where condo insurance comes in – it can help condo owners handle the expenses from unexpected events (such as legal fees) if they occurred.

Insurance coverages to consider

Here are some insurance coverages which could help condo owners. Our team can explain additional coverages and also, find other coverages which suit the needs of the condo owner.

Unit additional protection

This coverage insures a condo owner’s individual unit against an insured peril (i.e. a fire). In the event the condo association’s insurance cannot provide sufficient coverage, unit additional coverage may be able to help cover costs.

Loss assessment coverage

Condo owners share common property, such as roofing. If there is a loss to shared property by an insured peril, loss assessment coverage could help if the condo association’s insurance is insufficient.

Additional living expenses

If a condo owner’s unit become inhabitable and they needed to relocate, additional living expenses could help cover living expenses, such as staying in a hotel.

Personal liability

If someone was injured at a condo owner’s unit, the owner could be responsible for injuries. Personal liability insurance could help cover legal expenses if this occurred.

Get informed

The best way to understand condo insurance is to contact a member of our team. Our brokers understand how condo insurance works and the coverages which will best suit condo owners.

101 – 1281 91st Street Southwest
Edmonton, AB T6X 1H1
Office: (780) 479-0005


  • Neda Hopp Posted June 16, 2019 3:22 am

    he blog was how do i say it… relevant, finally something that helped me. Thanks


  • rellaman.com sniper 3d Posted June 20, 2019 2:31 pm
  • BlowjobJek Posted June 21, 2019 10:26 am

    Thank you for such a fantastic blog. Where else could anyone get that kind of info written in such a perfect way? I have a presentation that I am presently working on porn tube vids, and I have been on the look out for such information

  • BlackmailJek Posted June 23, 2019 9:52 pm

    I like the helpful info you provide in your articles blackmail video. I will bookmark your weblog and check again here regularly. I am quite sure I’ll learn lots of new stuff right here! Good luck for the next!

  • Fernando Posted June 25, 2019 9:41 am

    Hi, very nice website, cheers!
    Need cheap and reliable hosting? Our shared plans start at $10 for an year and VPS plans for $6/Mo.
    Check here: https://www.good-webhosting.com/

Add Comment

Your email address will not be published. Required fields are marked *

You’ve Already Earned a Discount on Auto Insurance