Types of coverage
With Comprehensive coverage, you get the most protection we offer for your home and personal property. Things like paint spilling on the carpet are covered. It's the best way to safeguard your home.
Broad coverage is for those looking for slightly lower premiums and not as much coverage as our Comprehensive plan provides.
Our What's Covered page most of the items that are covered under your home insurance policy.
What's covered for condominium owners?
Our condominium insurance packages are designed to cover essentials for condominium owners, such as responsibility for common area damage, coverage for unit improvements like new carpet, and contingent insurance to cover shortfalls in your condominium corporation's policy.
Most condominium corporations allow owners to make improvements and minor alterations to their individual units. This may include installing new cupboards, carpet, ceramic tile or bathroom fixtures.
If a claim occurs involving these improvements and they are not covered under the corporation's policy, you may have to cover the difference. Our condo insurance package covers that difference for an amount up to 400% of the personal property limit or $100,000, whichever is greater.
Common area damage
As a unit owner, If the condominium corporation's policy will not cover damage to a common area, you may be required to share the cost to repair with other unit owners. If the specific damage is included under your condominium insurance policy with us, coverage applies for an amount up to 400% of your personal property limit or $100,000, whichever is greater. This coverage includes up to $25,000 for your portion of the condominium corporation's master policy deductible that may be assessed to you.
Contingent insurance to cover extras
Contingent insurance may provide coverage for loss or damage resulting from shortfalls in your condominium corporation's policy. This can cover glass within your unit, including glass in storm windows and doors, against damage caused by accidental breakage. It may also cover things like damage resulting from a peril not covered by the corporation's policy, but is covered by ours. Our condominium insurance policy provides contingent coverage for an amount up to 400% of the personal property limit or $100,000, whichever is greater.
Additional coverage available
If you own items like watercraft, bicycles or jewellery that are worth more than what is covered under your personal property limits, you can purchase additional insurance to cover those items. Contact your local agent for details and see our What's Covered page.