Good to know
Even if your building has insurance, most of the time it won' cover damages to the interior of your unit or to your personal belongings. Similarly, your personal liability is not covered by your building's insurance. So you need to take out individual insurance to cover your unit.
How to insure your condo
The type of insurance you need will vary according to the occupancy of your condo: let us know whether it's your primary residence your secondary or seasonal place or a place you rent out and we will advise on the insurance type you'd need.
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Coverages needed
Basic policies generally cover fire, lightning and vandalism ; water damage, theft and hurricane might be offered, depending on the type of policy you have. Take a close look at your policy or quote, as well as the deductible level.
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Don't forget to ask your Association for a Wind Mitigation Report. This report (which must be less than 5 years old) entitles you to a premium reduction on hurricane cover.