Fawcett Insurance

North Vancouver Insurance - Servicing all your insurance needs

Are you covered? We make sure!

Condo Townhouse Insurance

Ownership in a stratified dwelling presents a different set of risks for an owner for property and liability. When you are the owner of a unit in a strata you are responsible for your own Personal Property (contents), Additional Living Expenses (when the home is uninhabitable due to a claim) and Personal Liability which is provided on a worldwide basis (including legal costs) if it is the principal residence.

Additional property coverage unique to condo owners includes;

  • coverage for the Strata Corporation deductible (in the event you are required to contribute to pay for damage to the building insured by the Strata policy with varying limits available),
  • Unit Improvements & Betterments (any upgrades done to the unit after original construction),
  • Loss Assessment (for any damages levied against by the Strata Corporation for damages you are liable for)
  • Unit Additional Protection (covers any shortfall on the Strata Corporation policy which would create financial loss for your unit).

Many discounts are available such as;

  • Claims Free (3 years of insurance claims free),
  • Maturity (persons over 50 years old),
  • Burglar & Fire Alarm (local and monitored),
  • Multi-Line (carrying multiple locations with the same insurer) and
  • Credit Check (soft).

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