While the condo corporation will have insurance coverage for the building, this will not cover the personal belongings of the individual unit owners or betterments and improvements you or previous owners have made to the unit.
The corporation by-laws generally include a definition of what is a standard unit. It is very important to understand your obligations to the interior finishing requirements to insure them adequately.
CMIB offers a variety of insurance policies for condo owners, each designed to meet the specific needs of the policyholder. Unit betterments and personal contents can be covered under one policy along with your personal liability coverage.
We understand that every situation is different, and we’ll work with you to find a plan that fits both your budget and your lifestyle.