Surrey Insurance offers a variety of home insurance packages to cover your home and personal possessions, whether you reside in an apartment, a condominium or a house.
As the strata corporation is responsible for placing proper insurance on the building itself, the policy limit on the Condominium package must enable you to replace all of your personal belongings in the event of a total loss. Also, special aspects of owning a condominium require that you ensure proper coverage for condo-related coverages:
Unit Improvement and Betterments
Contingent Loss Assessment
Unit Loss Assessment
Liability Loss Assessment
To cover the Strata deductible
Often a person's most expensive purchase is the home in which they live, so having the proper limits in place to rebuild your home in the event of a total loss is vital. We can calculate the current rebuilding cost of your home using an industry accepted method based on costs obtained from contractors and appraisers.
All of our Homeowners packages automatically include an amount for Detached buildings, your Personal Property, Additional Living Expenses and Personal Liability.
"Guaranteed Replacement Cost" for the building, as long as your home qualifies Full Replacement Cost (new for old) on your Personal Property so your limit must reflect the value to replace all of your Contents in the event of a total loss; Residence Inventory Forms are available at any of our offices Personal Liability for bodily injury or property damage to a third party, at home and away; for example, if, as a tenant, you caused a fire at your rented premises and were to be found negligent, the building owner's insurance could sue you personally for damages
Home Based Business Endorsement
Jewellery, Furs and other valuables