Insurance for condominium unit owners

Our Condo Insurance for Condominium Owners is an affordable complement to the insurance contracted by the condominium owner association. You should know that the condominium owner association’s insurance does not cover your personal property and provides no liability coverage for the condo units (part of the building for the exclusive use of the owner).

The Condominium Unit Owner’s insurance offered by National Bank Insurance protects:

Your personal property (furniture, electric appliances, clothes, etc.).
Improvements to your home made by you or paid for by you, such as new tiles or kitchen cabinets, or bricks on your fireplace. For instance, let’s say that when you bought your condo unit, the floor tiles had a value of $3,000. After making improvements, the value has increased to $7,000. In the event of a loss, if you did not take out condominium insurance, you would receive only $3,000 from your condo association. The condominium unit owner’s insurance will cover the difference, i.e. $4,000.
The immovable parts of your condo that may not be covered due to insufficient funds from the condominium owner association’s insurance*. In short, with condo insurance you may claim the portion in excess of your condominium owner association’s insurance.
Liability insurance, which protects you against civil action.

Ready for a quote? Get an online quote or call us at 514 871-7500 or 1 877 871-7500.