Richmond, BC Condo Insurance
As the owner of a condominium in British Columbia, you have many benefits but you are also exposed to unique risks. Unlike a single-family homeowner, there are a number of policies in force protecting your assets from your own personal insurance to the insurance that your strata should carry. In order to ensure that you are fully protected, you must make certain this insurance fully overlaps so that no risks slips through the cracks.
However, because you are covered by multiple policies, you also want to ensure that you do not overpay by buying unneeded insurance already covered by the strata's master insurance. You also want to make sure that you have extra liability insurance where the master insurance reaches its limit so that you do not become liable yourself for a major or total loss to your home.
Your condo is in a communal setting but your condo insurance needs to be designed to you the individual or you could end up paying too much and you could have great liability risk.
Worried about costs. Don't be -- condo insurance is very affordable.
Richmond, BC Condo insurance is like a suit that needs to be custom tailored: if it's too big then you pay for excess insurance that you don't need and if it's too small then you may not have sufficient coverage to protect you from possible exposure to lawsuits.
Richmond, BC Condo insurance is available at reasonable rates to anyone who owns property in a development with joint property ownership. It is distinct from homeowners insurance because it works in conjunction with your association's insurance policy to ensure seamless coverage and create peace of mind.
Act now to have this important coverage in place for your own protection before any claims are made by yourself or anyone else who is on the condo property. Nesika Insurance Services can provide you with a free, no-risk quote within a day -- just fill out this short form to get a quote for a premium policy that will protect both you and your home.