Strata Condo Corp Multiplexes (NSPL)
STRATA / CONDO CORP MULTIPLEX COVERAGE FOR STRATIFIED SMALL SCALE MULTI-UNIT HOUSING (SSMUH)
Find the perfect fit for your property insurance needs
Do you need to place coverage on a stratified residential property? Look no further, Cansure’s STRATA / CONDO CORP MULTIPLEX COVERAGE FOR STRATIFIED SMALL SCALE MULTI-UNIT HOUSING (SSMUH). The package is tailor-made for strata properties and is available now on our portal. Providing comprehensive coverage for strata buildings with up to four family units, tailored to strata-specific needs and customizable coverage options.
Note: Coverage details and packages may vary.
FEATURES:
- Broad Form and Replacement Cost Coverage (no same site restriction)
- Includes 10% for Outbuildings *
- 26 Comprehensive Property Extensions (e.g., inflation protection, professional fees, extra expense)
- Condo Property Extension Endorsement (trustee fees, common expenses)
- Contingent Unit Owners’ Additional Living Expenses
- Blanket By-laws (no same-site restriction)
- Flood and Earthquake Coverage available on eligible risks
- General Liability up to $5MM
- A minimum deductible of $2,500 on property
- Water/Sewer Back up coverage with a $5,000 deductible
* Higher limits can be purchased
If your property doesn’t quite fit the standard offerings, our NSPL team is ready to assist. Click here for expert advice.