A blog cannot deal with all aspects of a subject and is not intended to replace professional advice. It's purpose is to highlight information and identify areas of possible interest. Anyone wishing to discuss this blog or to make any comments or suggestions about this blog is invited to do so by either posting comments or emailing me directly.

The Intricacies of Insurance for Condominium Owners

Posted on September 23, 2011 by Tom Bushey

Posted in: Buying a Home In Calgary , Condos for sale , Property Virgins

Knowing Condo Insurance - real estate in Calgary

Insurance for condominium units is very different compared to the insurance that homeowners and tenants buy. Because condominium corporations must buy their own insurance, the insurance that unit owners buy has to be designed to complement that insurance coverage.

Like a tenant’s insurance policy, condominium unit owner policies cover personal property – furniture and personal effects. Like tenants and like homeowners, special attention is required to ensure that there is adequate coverage for high-risk property like jewellery, certain collectibles (like stamp and coin collections), and so on. If a pipe burst in a unit and seriously damaged the furniture, this section would provide coverage.

If you are considering buying or selling a condominium property, I'd be happy to talk to you.

Comments:

No comments

Post Your Comment:

Tom Bushey, Associate Broker & Realtor®

Accredited Seller and Buyer Representative & Condo Specialist

Let's discuss your next home sale or purchase, with no obligation.

Give me a call or text message at: 403-860-8291

Contact Me Now!

THOMAS BUSHEY | RE/MAX iREALTY INNOVATIONS

1301 8 Street SW, Suite 100, Calgary, AB, T2R 1B7 Direct: 403-860-8291 | Tom@TomBushey.ca

In accordance with Canadian Anti-Spam Legislation (CASL), we do NOT give our permission for other commercial enterprises to contact us for any other commercial messages by email, text message, fax or telephone. Required Disclosures: Different commission rates, fees and listing and marketing services may be offered by other RE/MAX franchisees, brokers and associates in Canada. All realty services offered and provided through exclusive independent contract through, and on behalf of, RE/MAX iRealty Innovations. Incentives, inducements, commission rates and representation agreements are offered on behalf of, and with the authority granted by, the brokerage.

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.