Why do I need condo insurance?
If you are a condo owner, it is most likely your most valuable asset. Condo insurance protects that asset against damages or unexpected circumstances.
Does condo insurance cover roof leaks?
That depends on your specific policy. Talk to your insurance broker to determine what coverage you have.
Who is responsible for structural issues in a condo?
That depends on where the structural damage is. If the damage is inside the unit, it's most likely the unit owner's responsibility. If it is determined the structural issues existed before the condo was purchased, it's possible someone else could be liable.
Is theft covered in condo insurance?
Theft may be covered under some policies up to certain limits. As every policy differs, it’s important to talk with your licensed insurance advisor to confirm your coverage.