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Condominium insurance: Demystifying the differences between private and common portions!
Have you just bought a condo and are wondering how to insure it properly? Condominium insurance has two complementary components:
Insurers of luxury residences
Did you know that there are specialized insurers for luxury and high-value homes?
How to save on your insurance premiums!
Here are several effective strategies you can apply right now to save money on your home or auto insurance.
Do you know the value of your possessions?
In the event of a claim, would you be able to quickly draw up a complete list of all your personal property? Personal property includes furniture, clothing, kitchenware, curtains, blinds, bathroom items, sports equipment, jewelry, bicycles and so on. Without an inventory, it’s difficult to accurately assess the value of your insured possessions and receive a fair home insurance settlement.
Are you insured if your home is unoccupied?
Did you know that if your condo becomes vacant, i.e. you’ve left the premises for good with no intention of returning? You must notify your home insurer immediately.
I’m renting out my condo. Do I need to notify my insurer?
Whether as a financial strategy or to meet a specific need, many co-owners choose to rent out their condo rather than sell it. But this seemingly simple decision can have a major impact on your home insurance and your legal obligations as a co-owner.
