Nearest broker: Searching for a broker nearby…
Nearest broker: , Edmonton, AB Phone: 780.755.0110 5020 Lac St Anne Trail N, Onoway, AB, T0E 1V0 Phone: 780.967.2282 , Edmonton, AB Phone: 825.467.5631 206 Pembina Rd, Sherwood Park, AB, T8H 0L8 Phone: 780-732-8616 10060 Jasper Ave, Edmonton, AB, T5J 3R8 Phone: 780-435-3632 , Calgary, AB Phone: 403-532-4882 322 Avenue C S, Saskatoon, SK, S7M 1N4 Phone: 639-398-4170 5317 50 Ave, Taber, AB, T1G 1V3 Phone: 403-223-2377 110a McLeod Ave, Spruce Grove, AB, T7X 2H8 Phone: 780-571-1144 496 Marquis Rd, Prince Albert, SK, S6V 8B3 Phone: 306-970-8080 335 Hwy Avenue N, Picture Butte, AB, T0K 1V0 Phone: 403-732-6023 2201 Box Springs Blvd NW, Medicine Hat, AB, T1C 0C8 Phone: 403-487-5132 550 Wt Hill Blvd S, Lethbridge, AB, T1J 4Z8 Phone: 403-394-1123 734 13 St N, Lethbridge, AB, T1H 2T1 Phone: 403-328-9114 5 St SE, High River, AB Phone: 403-652-4104 9904 103 St, Fort Saskatchewan, AB, T8L 2C9 Phone: 780-998-0881 201-4271 23 Ave NW, Edmonton, AB, T6L 5Z8 Phone: 780-466-2136 3908 97 St NW, Edmonton, AB, T6E 6N2 Phone: 780-465-6900 8170 50 St NW, Edmonton, AB, T6B 1E6 Phone: 780-469-9378 52 Ave, Drayton Valley, AB Phone: 780-621-1707 1331 Macleod Trail SE, Calgary, AB, T2G 0K3 Phone: 403-278-1050 1331 Macleod Trail SE, Calgary, AB, T2G 1E1 Phone: 403-255-2252 234-7 Westwinds Crescent NE, Calgary, AB, T3J 5H2 Phone: 403-775-2100 , Calgary, AB, T3K 0S8 Phone: 403-719-9995 5114 2 St, Boyle, AB, T0A 0M0 Phone: 780-689-3946 50 Ave, Bonnyville, AB Phone: 780-826-3147 12931 20 Ave, , AB, T0K 0E0 Phone: 403-562-2191 2903 Kingsview Blvd SE, Airdrie, AB, T4A 0C4 Phone: 403-945-8885

How is insuring a condo different?

Condo Insurance

By Anne Valentino | February 15, 2018

When you are insuring a traditional home you are concerned about the structure first and then the contents. Withcondo insurance your priority is the contents before the structure. This is because the common property and structure will be insured through a master policy held by the condo board or owner company as these areas are jointly owned by the residents of the condo. Therefore insuring a condo is a little bit different than a traditional home.

What type of insurance will I need for my condo?

Essentially what you want to focus on is the interior of your structure and its contents. Make certain that you have a limit sufficient to cover the cost to replace everything you own within your condo including furniture appliances clothing electronics artwork and more. Creating ahome inventorywill help you know how high of a limit you need. Keep in mind that most policies only provide “replacement cost ��? as in the amount you would need to replace a particular item (you will not necessarily be reimbursed for what you paid for something originally).

If you have a claim you will have to pay thedeductible. This is the same as traditional home insurance. The deductible can be varying amounts (i.e. $500 $1000) but is determined when you purchase your policy.

You may also be required to contribute to the deductible of the condo corporation’s master policy if there is a claim on the building or communal areas.Talk to your brokerabout the impact this may have and if your policy will help cover any of this amount.

Will my condo insurance cover liability?

Yes. As with traditional homeowner’s insurance your policy should cover you for liability or damage. So if for instance someone gets hurt within your condo and you become liable for things like medical expenses lost wages or legal fees etc. the insurance policy will kick in here. However as far as liability you typically will not need to be covered for incidents that might happen in the common areas.

Additionally some policies also may also cover things such as additional living expenses—the key to understanding your condo insurance coverage is todiscuss it with your broker. Find out what you need versus what might be included in the master policy.

Get A Quote From A-WIN

Get the best insurance deals and stay on budget.

Get A Quote

Life Events - It's Time to Reassess Your Insurance

Whether it’s heading off to university or deciding to start your own business,...


Rogers Insurance and CapriCMW merge to become Acera Insurance.

A-WIN Insurance is part of the Rogers Insurance Group.

Click to learn more about how this merger will impact A-WIN Insurance. Our branches will remain independently owned and operated.