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Condominium Insurance That Works For You
Condominium buildings are being built at a record pace in Ontario. Toronto alone has 15,000 new condo units being built every year. Every city in Ontario has a boom in condo construction as urban centres need to expand upwards rather than have urban sprawl. Condo unit owners who don’t have appropriate Condominium Insurance will find themselves having to cover surprise expenses.
At Lackner McLennan and Erb and Erb, we have the Condominium Insurance expertise that can provide you peace of mind. With our policies you enjoy the best protection for your investment at a competitive price. We can give you the guidance you need to get the coverage you deserve.
Unique Condo Insurance You Need
Many condo unit owners make the mistake of thinking their condominium corporation covers many of the insurance risks they, as a unit owner, face. Some condo corporations may not cover the heating, plumbing or electrical work, while others do. At Lackner McLennan and Erb and Erb we take the time to guide you through your standard unit definition to make sure you have enough coverage in case the worst happens.
Other condo owners make the mistake of thinking a Home Insurance Insurance policy will protect their condo. That’s not the case. If you are paying any kind of condo or maintenance fee you probably need special endorsements to adequately protect yourself.
What’s In A Condominium Insurance Policy
If you’ve purchased a condo for your primary residence, a second home, a seasonal location, or as an investment rental property, or if you’ve bought a highrise condo or townhouse condo we have top quality insurance packages that are right for your needs.
Whether you need Kitchener Condo Insurance, Ottawa Condominium Insurance or Waterloo Condo Insurance, our Ontario condo package not only offers protection against water, fire, wind damage or theft but also against liability claims from anyone else on the condo property. We can even provide an endorsement to protect you if you own the building but not the land.
We also have coverage for unit improvements and betterments to protect your upgrades and renovations. There’s assessment coverage liability if the condo corporation is sued. If you have a claim where you can’t live in your unit for an extended time we have additional living coverage to pay for another place for you to live.
Lackner McLennan and Erb and Erb: Your Insurance Professionals
Act now! Lackner McLennan and Erb and Erb has the insurance expertise to answer all your Condominium Insurance questions. Simply complete the Free Quote form at the top of this page or call 800.265.2625 and give yourself some peace of mind knowing you’ll have the best coverage available.
Lackner McLennan and Erb and Erb provide these informational articles to educate the public about insurance and investment related matters. This article does not substitute for broker advice regarding your specific insurance or investment needs. For a comprehensive strategy to tackle what you, your family, or your business, may need we invite you to speak directly to a broker who can guide you through all the options available to you.