There are two types of insurance when you are buying a condo or any strata titled property including townhouses and duplexes: a Master Policy and an Owner's Policy. The major cause of claims under Owners' Policies is due to water damage caused by the negligence of an owner -- often as a result of an overflowing bathtub or renovations gone wrong. So don't delay -- if you are buying a strata titled property make sure you get an Owner's Policy effective as of the completion or closing date. www.bellalliance.ca
Your new home is your biggest asset – make sure you protect it and yourself.
BATV01 4 months ago