Enhanced Condo Owners Water Deductible Assessment
When disaster strikes, unexpected costs can arise from condominium corporation’s deductible assessments. Cansure’s Enhanced Condo Owners Water Deductible Assessment Coverage provides critical protection beyond standard policies, extending beyond water damage deductible assessments. It can now cover the condo unit owner’s property deductible up to $1,000, which operates independently from the excess deductible assessment coverage!
Key Features:
Disappearing Deductible Feature
Provides up to $1,000 reimbursement for unit owner’s policy deductible.
Operates independently from the excess deductible assessment coverage and applies even if the Strata/Condominium corporation issues no assessment.
Available for claims-free unit owners (3 years prior to the loss).
All-Risk Coverage
Provides broad protection against direct physical loss or damage to collectively owned condominium property.
Includes perils such as water escape, fire, windstorm, hail, riot, vandalism, smoke, and much more, subject to exclusions.
Excess Coverage for Deductible Assessments
Covers deductible loss assessments in excess of $25,000, up to a maximum limit of $400,000.
Protects against water damage deductible loss assessments when the condominium unit owner’s policy is insufficient.
Product Highlights:
Available as an extension to your Cansure policy, or as a stand-alone policy.
Available for Unit Owners in BC, AB, & ON.
Available for Owner Occupied Units and Short or Long-term Rental Properties.
Get Started with Cansure on the SPGC Portal
Our Enhanced Condo Owners Water Deductible Assessment policy is available for purchase online through the SPGC Portal. Buy online today!
