Condo Insurance: Contents Coverage
Part of what makes your condo the perfect fit are all the wonderful items that turn your space into a home. Personal belongings help add that magic touch and create your ideal environment, but without the proper coverage, they could be at risk in the event of a claim. Find out more about the importance of content protection, including what’s covered below.
Why Do I Need Personal Condo Insurance?
While a portion of your condo fees go towards paying your condo corporation’s insurance policy, it’s important to know that this coverage is designed to protect common spaces and the building itself, not your personal assets. Setting up your own policy gives you peace of mind and ensures that your investment is protected when it matters most.
What Is Content Coverage?
A key part of any personal condo insurance policy is content protection. As the name suggests, this part of your policy is designed to protect your valuables and belongings in the event of a fire, flood, theft, or other covered claims. Core items that factor into content insurance include:
- Other items of value (home decor, lighting, etc.)
High value items, as well as unique memorabilia, may require specialty endorsements to ensure the full amount is covered in the event of a claim.
Tip: Review your policy periodically, especially after any major purchases to make sure you have sufficient coverage for your belongings.
What Isn’t Covered
While the specifics of what is and isn’t covered will vary from policy to policy, (not sure what you have protected? Talk with one of our agents now!) content coverage is meant to protect your items from damages caused by external forces.
More Than Just The Basics
Personal condo insurance comes with a variety of options to ensure that you have great coverage for your needs. In addition to contents, liability, betterments and improvements, unit contingent coverage and more, certain providers make it possible to include modern day essentials like identity theft protection in your policy. Having an extra line of defense built into your policy protects you against a growing concern for Canadians while also ensuring your valuables are kept safe. Working closely with a broker makes it easy to discover what kind of specialty coverages fit your lifestyle and assets, giving you peace of mind 24/7.
We’ve Got You Covered!
With a long history of experience under our belt, Ravenhill Agencies is here to make sure our clients have access to the best policies, as well as the best premiums. Learn more about finding the perfect personal condo insurance policy by requesting a quote now.