Get the Proper Insurance for Your Condo

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As a condominium owner, your condo fees may mean you don’t have to take care of the walkways or mow the grass, but it’s still your responsibility to insure your own personal property. It’s true your condominium corporation is responsible for insuring the overall structure, but what happens when your belongings are damaged or ruined by flood, fire or other disaster? The cost of replacing everything you own is too great to risk.

Known for supplying comprehensive home insurance in Edmonton, Drayden Insurance Ltd. offers protection for properties of all types, including condos, cottages and high-value homes. Contact us today to schedule a consultation and let us customize a policy for your condo!

What Type of Coverage Do You Need?

  • Many customers have questions about condo insurance as they often aren’t sure what is already covered. Here is what you should know:
  • Insurance for the overall condominium complex is the responsibility of the condominium corporation
  • Specifically, the corporation must have replacement cost value insurance on the property that covers all perils found on standard insurance policies
  • You should check the corporation’s policy for exclusions so you know exactly what is covered
  • There must be insurance for liability incurred by the corporation or board when carrying out their duties and responsibilities
  • You will need to have your own insurance in place to cover your personal belongings and personal liability in case someone is injured in your unit
  • You may also need to cover any changes / upgrades you make to your unit.
  • You can ask the condominium corporation to provide a copy of the bylaws. This will allow your broker to fully understand the extent of the corporation’s policy and to customize a plan for you

Turn to the Leaders in Edmonton Home Insurance

Serving Albertans for over 50 years, we are an independent brokerage that has access to leading Canadian and International insurance providers. We will search the market, compare rates and find a plan that provides the protection you need at a fair cost. As your trusted source in Edmonton for home insurance, we also provide customized coverages for condos.

If you are struggling to understand what is insured by your corporation’s policy, don’t worry. We have the experience and industry knowledge to answer your questions and make sense of the situation. We will take the time to understand your concerns and address them in a clear manner.

With our condo coverage, you will have the necessary liability coverage and be protected against the loss of luxury items and personal property, including your electronic equipment, smartphones and computers. Give us a call to get started. We serve you from our insurance locations in Edmonton, Stony Plain, Fort Saskatchewan and Leduc.