Saskatchewan Condo Insurance: Protect Your Condo & Belongings
Get comprehensive coverage for your condo and personal belongings with insurance explicitly designed for Saskatchewan condo owners. Our policies offer protection against a wide range of perils, giving you peace of mind in your living space.
What Does Condo Insurance in Saskatchewan Typically Cover?
Your condo insurance policy typically protects against:
Essential Specialized Coverage for Condo Owners
These specialized coverages are what make condo insurance unique and are critical for protecting your investment from gaps in your condo corporation’s policy.
These specialized coverages are what separate condo insurance from regular home insurance and are essential for proper protection!
We work with Saskatchewan’s leading insurers:
Aviva Canada | Peace Hills | Portage Mutual | Red River Mutual | SGI Canada | Sandbox Mutual | Wawanesa Mutual
As an independent broker, we shop multiple markets to find you the best coverage at competitive rates.
Protect Your Family’s Future with Term Life Insurance
While home insurance protects your property, term life insurance ensures your family’s financial security. Get coverage that fits your needs and budget.
Frequently Asked Questions
What’s the difference between the condo corporation’s insurance and my personal condo insurance?
The condo corporation’s insurance typically covers the building structure, common areas, and original fixtures in your unit. Your personal condo insurance covers your belongings, personal liability, any improvements made to your unit, additional living expenses if you’re displaced, and protection against special assessments from the condo board.
Do I need special coverage for water damage in my condo?
Yes, standard condo policies don’t automatically include coverage for sewer backup or overland water damage. These are typically available as additional endorsements. Given the shared plumbing systems in condo buildings, sewer backup coverage is particularly important. We recommend reviewing your policy to ensure you have adequate protection against various types of water damage.
What happens if damage to my unit comes from another unit?
If damage to your unit originates from another unit (like a water leak from an upstairs neighbour), your condo insurance would typically cover the damage to your property initially. Your insurance company may then seek reimbursement from the responsible party’s insurance through a process called subrogation. It’s important to document the damage, report it to your condo management, and file a claim promptly.
Do I need to change my insurance if I rent out my condo?
Yes, as a condo owner looking to rent your property, you must change your insurance coverage. Your tenant’s Renter’s Insurance will not protect your property as their policy only covers them and their belongings, not your unit. A Renter’s policy does not include essential protections like Loss Assessment or Contingent coverage that you need as the property owner. Contact us to ensure you have the proper landlord coverage in place before renting out your unit.
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