Owning a condo comes with a unique homeowner experience. You’ve got neighbours above and below, and a strata or condo association looking out for you. Your unit is a large investment, and holds valued content.
While your condo association insures the common areas within the building and on the property, you are responsible for your own unit, possessions as well as any improvements you’ve made to your unit. That’s where Rizk Insurance comes in. We are here to help you consider liabilities unique to condo living. We will work with you to customize a policy that fits your needs, while finding the best rates in town.
Your priorities drive our search for policies and coverage that best suits your needs. We understand that everyone is unique. We will work to help customise policies to fit you – not the other way around. We want to find the perfect coverage for you, at competitive rates.
Condo insurance policies go beyond the traditional homeowner’s insurance to encompass the unique risks of living in a condo. Whether it’s your first home, or you are downsizing, buying a condo isn’t always simpler than purchasing a house. It’s important to avoid gaps in coverage, so that there are no surprises after you’ve made the down payment.
Coverage for additions, upgrades and alterations (ie, flooring or cabinet upgrades).
Loss assessment coverage (providing coverage for major property and liability losses on common property when a special assessment is levied against you and other unit holders).
Storage locker content coverage.
Living expenses and maintenance fees in the case of temporary relocation after a claim.