For the city dweller, there’s nothing like spending days on busy streets and your favourite shops right around the corner, admiring the glowing city lights a thousand feet up in the air, right next to other towering skyscrapers. This also means access to a pool, gym, rooftop garden, and other luxurious shared amenities at the heart of the city. That’s the beauty of condo living — you work, live, and play within a compact and easily accessible lifestyle radius. So how do you sustain this lifestyle?

You Need Condo Insurance

Just like any homeowner, you need the right insurance package to secure your real estate investment and the perks that go with it. While condo management is responsible for attractive shared amenities, outdoor space, and other common areas, your unit and everything inside it is yours — and yours to protect from damage.

Condo insurance helps you secure your part of the building. It equips you with personal property protection for damage caused by accidents and disasters, and liability protection for injuries and damages sustained by third parties who set foot in your unit. For savvy real estate investors who transformed their units into rental properties, condo insurance can also secure their lucrative income. Finally, your condo insurance can also help shield you from the financial burden of an unplanned special assessment by your condo board.

Condo Insurance Coverage

  • Personal property: coverage for your furniture, appliances, electronics, clothing, personal effects, and other lifestyle comforts, with extensions available for high-value items such as jewelry, art, and other collectables.
  • Personal liability: for slip-and-fall accidents suffered by guests or contractors, as well as property damage in neighbouring units or other parts of the building if your cooking or baking exploits cause a kitchen fire or any other accident. This covers the cost of liability claims, including legal fees and settlements.
  • Additional living expenses: this covers hotel bills or short-term rentals, storage units, additional transportation costs, and other temporary living expenses while your condo is under repair after an insured loss.
  • Upgrades: just like any homeowner, you’ll want to personalize your compact living space. Condo insurance covers these upgrades or renovations, such as a new tub, flooring, cabinetry, and more, for the increased value they add to your property.

Ask Our Brokers

At Archway Insurance, our brokers are committed to helping city dwellers, young professionals and families, and retirees get the best of condo living in prime spots around Nova Scotia and New Brunswick. We work with major providers to find the best condo insurance policies and tailor these coverage options according to your lifestyle and budget. This means you can secure your smart real estate investment and boost its value as Atlantic Canada cities continue to grow.

YOU COULD WIN $5,000 IN CASH!

Starting September 1, 2020, get a quote on car or home insurance with Archway Advantage Group Insurance through Economical® and you’ll be entered to win a cash prize of $5,000 in the $5K Giveaway.

26 prizes of $5,000 will be awarded between November 2020 and April 2021!

Contact us for a quote or tell us your policy renewal date and you will be entered for a chance to win.

Donna Byers | groups@archwayinsurance.ca

1-800-838-2511

Don’t delay – contest closes March 31, 2021.

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