Condo Unit Owners

Unit owners are responsible for some risks not covered under the building's strata insurance. CapriCMW's unit owner's insurance policy protects you from these risks through various coverage options:

Property Loss Assessment

If there is loss in the building and the strata's insurance doesn't cover all costs, unit owners are responsible for the difference, and could even be held responsible to pay the deductible on the strata's policy. You could be required to pay thousands of dollars out of your own pocket in these circumstances. Loss assessment coverage is available to pay these expenses.

Excess Loss Assessment

Typically, condo insurance policies include some level of Loss Assessment coverage, but with today's rising Strata Corporation deductibles, condo owners are often looking to increase their limit. Learn more about Excess Loss Assessment coverage, and get a quote online.

Personal Property and Unit Owners Improvements and Betterments

Any losses you experience to the contents of your unit are not covered under the strata's insurance for the building. Our unit owner's policy provides coverage for your personal belongings within your unit as well as any enhancements you make, such as floor covering updates, new or additional built-in closets, cabinetry or counter tops.

Personal Liability

This covers your unintentional personal actions anywhere in the world that lead to you being held liable for bodily injury or property damage.

Additional Living Expenses

In the event of a serious loss to your building, you may be required to temporarily move out of your unit during repairs. Your moving, storage, meals and lodging expenses would all be covered.

Meet the Strata Team

CapriCMW's specialized Strata Risk Advisors have decades of experience in the industry and are here to help you navigate the complex world of Strata and Real Estate Insurance and Risk Management. 

Kevin Casey
Gordon Li
Roz Phipps
Grant Pritchard
Danielle Russell

Resources

Business Insurance / Property Management, Strata Corporation, subrogation
Strata Corporations and Subrogation: Recovering Costs of Damages From At-Fault Parties

Our Strata Advisors explain reasons why subrogation can often be a long and arduous process, steps that should be taken immediately after a loss, and what strata corporations can do to support subrogation claims.

Aug 18th, 2022 | By: CapriCMW
Business Insurance / employment practices liability
3 Strategies to Limit Your Organization's Exposure to Employment Claims

The impact of the COVID-19 pandemic has led to a global shift towards remote and hybrid work arrangements, the introduction of vaccination policies and a renewed spotlight on diversity, equity and inclusion. As a result, businesses are facing new and…

Aug 10th, 2022 | By: CapriCMW
Employee Benefits / employee benefits, group retirement, retirement savings, RRSP
Employee FAQs: Group RRSPs

CapriCMW's Group Retirement and Savings Advisors answer some of the most common questions from employees about their Group RRSPs.

Aug 3rd, 2022 | By: CapriCMW

Talk to an Advisor

Your CapriCMW Risk Advisor has highly specialized knowledge of your industry and is empowered to act quickly and independently to ensure direct, personal service.

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