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.