Home insurance

Condo insurance

Your condominium corporation may have an insurance policy to cover the property and common areas that are collectively owned by the unit owners, as well as the condominium structure itself. However, that policy doesn’t cover your belongings, improvements you make to your condo or your personal liability.

Condominium Unit Owner’s Pak A

Protects your belongings against loss or damage resulting from the following named perils:

• fire or lightning
• explosion or implosion
• smoke
• falling objects
• impact by aircraft, spacecraft or land vehicles
• riot
• vandalism or malicious acts
• water escape and rupture
• windstorm or hail
• electricity (power surge)

Condominium Unit Owner’s Pak I

In addition to coverages provided by Pak A, you receive added protection for:

• Theft, including damage caused by attempted theft.
• Loss or damage to items being transported, caused by an accident to the transporting vehicle.

Condominium Unit Owner’s Pak II

Provides the coverage offered by Pak I plus more. This coverage choice protects your belongings in nearly every instance with certain exceptions.