Direct Answer Condo insurance’s standard coverage doesn’t include special assessments, but you can add loss assessment coverage as an optional endorsement. This add-on reimburses you if your condo association issues a special assessment to cover a shortfall in its master policy, protecting you from paying that unexpected cost out of pocket. With all the benefits […]
Read MoreDirect Answer Spring and early summer tend to bring the most motivated buyers, though competition among sellers is also highest then. Fall can work well too, since buyers are back from vacation and ready to purchase, while winter sees fewer listings and less competition, even though buyer traffic slows down. Whether you’re looking to downsize, […]
Read MoreMany of us call moving to a condo as downsizing or downgrading, when it often means you are moving up in the world. No matter the circumstances of the change, there are many positive changes you can embrace in your new living space. Beware: notifying your insurer with a change of address is not enough! […]
Read MoreCondo insurance can get a bit tricky at times because both your personal insurance and the condo’s commercial insurance are regularly involved. Read on for three of the worst case scenarios for condo insurance and how to manage them! Flooding Caused by Your Neighbours Claims that involve multiple parties are always a bit more difficult […]
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