Condo insurance

Policy features

Coachman condo insurance provides you with the following features at no additional cost.

With a Coachman Condominium Unit Owners policy you are also protected against:

• Losses involving credit or debit cards, cheque forgery and counterfeit money.
• Expenses associated with debris removal following an insured loss.
• Damage to your property from emergency entry by police officers, paramedics or firefighters.
• Additional living expenses and lost rental income following an insured loss.
• Identity theft.
• Inflation protection.
• Loss or damage to belongings of guests or household employees following an insured loss.
• Loss or damage to your belongings due to temperature change.
• Theft damage to the premises.
• Fire department charges.

Contingent coverage

Even though the condominium corporation may have insurance on the structure of your condo, it may not be sufficient coverage in every instance. Contingent coverage provides protection for your condo unit in the event the condominium corporation’s limit of insurance was inadequate, or if the loss was not covered.

Our condo policies automatically provide a basic amount of contingent coverage protection. These limits can be increased for an additional premium charge. You can ensure your condo is covered for full replacement cost, even if the rest of the building isn’t.

Identity theft

The basic limits can be increased for an additional premium. For details, read our information on identity theft insurance.

Loss assessment for common condominium property coverage

If there’s extensive damage to a common area of the building or grounds, and the condominium corporation’s master policy is inadequate to cover the loss, each condo owner may be held responsible for a portion of the cost to repair the damage.

Our condo policies automatically provide a basic amount of coverage to protect you against any assessment for loss made by the condominium corporation.

Basic coverage is included if your condominium corporation assesses an insurance deductible against you when they file an insurance claim.

Loss assessment for liability coverage

If there’s a large liability claim against the condominium corporation and its policy doesn’t have adequate insurance, the condo owners may be responsible for a portion of the liability award. A limit matching your personal liability limit is automatically provided for the liability loss assessment coverage, in addition to your personal liability coverage. Basic coverage is included if the condo corporation assesses an insurance deductible against you.

Personal liability coverage

It’s up to your condominium corporation to obtain liability coverage for common areas of the complex (such as the yard and swimming pool), but that doesn’t cover personal liability claims against you.

To ensure you’re protected if you’re found legally liable for bodily injury or property damage to a third party, our condo insurance provides a minimum amount of protection of $1 million for personal liability coverage that includes:

• Court costs, legal fees and certain other expenses associated with your defense in the event of a liability law suit.
• Voluntary medical payments and voluntary property damage payments even if you are not legally liable.
• If you are found responsible for property damage to the premises or property contained therein, that you rent or use, we will pay to compensate the owner of that property for the loss (coverage restrictions apply).

Unit improvements and betterments

Your condominium corporation’s insurance policy insures the building, but it doesn’t cover improvements you make to your unit. Therefore, if you develop your basement, upgrade the flooring, or make other improvements to your unit, it may be worth considerably more than the original construction plan.

Our condo policies automatically provide a basic amount of coverage for any improvements you make.

Unit owner’s glass coverage

We will pay for accidental breakage of glass that is part of your condo unit if you are held responsible for the damage, or if it is part of your improvements. The policy deductible applies.