Condo
Insurance
Condo insurance is designed for owners of stratified duplexes, as well as low- and high-rise units, who need protection for everything inside their home. Unlike detached homeowners, condo and townhouse owners face unique risks. While your strata corporation is responsible for insuring the building's exterior and shared areas, it does not cover your belongings, interior upgrades, or personal liability. That's where condo insurance steps in. At Saxbee Insurance, we offer policies that fill in the gaps left by your strata's coverage—so you're protected where it matters most. It's a straightforward and important step toward fully protecting your property.
What Condo Insurance Covers
Condo insurance works alongside your strata's building insurance, covering what their policy doesn't—like your unit's interior, upgrades, personal property, and liability. It can also protect you from costs related to strata deductible assessments and damage that starts in your unit and affects others. Whether you live in your unit or rent it out, we'll help you find the right protection for your situation.
Unit Improvements & Upgrades
If you've upgraded your flooring, countertops, or fixtures, condo insurance helps protect the added value of those improvements in the event of damage or loss.
Personal Property Coverage
Protects your belongings—such as furniture, electronics, clothing, and appliances—against risks like fire, theft, or water damage. This coverage helps with repair or replacement costs.
Personal Liability Coverage
If someone is injured in your unit or you accidentally cause damage to another unit (like a water leak), this coverage protects you from the potential legal or financial consequences.
Loss Assessment Coverage
If your strata makes a claim and passes along part of the deductible to you as an owner, this coverage can help pay your share. This is especially important as strata deductibles continue to rise in BC.
Additional Living Expenses
If your unit becomes unlivable due to a covered loss, condo insurance can help pay for temporary accommodations and day-to-day costs while repairs are being made.
Frequently Asked Questions
Get answers to common questions about condo insurance in British Columbia.