To protect their investment, condo owners must purchase coverage (also known as condo or unit owner insurance) that works in conjunction with a condo association or corporation’s master policy. Condo owners often wrongly assume they do not need coverage because their condo corporation already has a policy.
Covers the contents of your unit, plus your personal property temporarily away from home anywhere in the world. Coverage can be extended to the uninsured property of others while they are on your premises.
Covers your extra expenses if you need to move out of your home as the result of an insured loss.
Unit Improvements & Betterments
Covers any updates and/or upgrades to the unit made by or acquired by you including, but not limited to, new flooring, countertops, etc.
Unit Additional Protection
Covers up to the amount stated on the policy if the Strata Corporation has no insurance, or if the coverage is inadequate or not effective.
Common Elements Loss Assessment
Covers any valid assessment for loss to collectively owned common property from an insured peril.
Condo Dedectuctible Assessment Coverage
Covers an assessment due to a deductible in the Strata Shield master policy.
To learn more about our Schill Strata Shield Insurance, contact us today.