Your Advantage
Canada’s leading solution provider for Strata and Condominium Insurance.
You get more when you buy from our Real Estate specialists at HUB International Ltd. Our residential building insurance specialists will work with you to identify gaps in your coverage and quickly develop a competitive, comprehensive plan tailored to your properties.
Strata and Condo Corporation Program
Our exclusively designed program takes the guess work out of finding the right protection for your strata or condominium corporation.
Unit Owner Protection
Whether you own a condominium or townhouse, we have you covered.
Our People
Our team of specialists will help you with any issues that may arise.
Claims
We hope that nothing ever happens that causes you to have an insurance claim. However, if you do have a claim, we have the resources, expertise and experience to advocate on your behalf.
If you have suffered a loss or damage that may be covered by your insurance policy, please contact our Claims Department:
E: realty.claims@hubinternational.com
T: 604-269-1010
Learn More
Unit Owner Insurance
As a condominium owner, we recognize that you have special insurance needs. Off the shelf insurance coverage may not give you the protection you require. That's why we focus on the best in condo insurance at HUB International.
Unit Owner Insurance
Many condo and co-op unit owners mistakenly assume that their building’s master insurance policy covers them fully — and that can lead to financial ruin. In addition to securing your own insurance coverage, you need to be aware of any changes to your association’s master policy, so you can avoid coverage gaps.
As a condominium owner, we recognize that you have special insurance needs. Off the shelf insurance coverage may not give you the protection you require. That’s why we focus on the best in condo insurance at HUB International.
We insure over 5,000 condominium corporations throughout BC, AB and ON, and understand that condominium ownership brings with it the added responsibility to protect your contents, your unit and your share of the common property. To that end, we strongly recommend that you buy the most comprehensive form of condominium unit owners insurance available.
As a condominium owner, you have title to your own "unit" as well as a share in common areas such as the lobby, swimming pool, parking garage or garden. You are a shareholder in the corporation from which you "rent" access to the common areas.
It’s important to note, however, that you and your fellow owners can be held financially responsible if things go wrong. A condominium unit owner's insurance policy is a low-cost way to remove some of the financial worries of condominium ownership.
Loss Assessment
Loss assessment is another important coverage feature. You are covered for a substantial limit for any assessment made by the strata corporation due to damage to common property by an insured peril.
Owner’s Improvements & Betterments
Coverage in the area of owner’s improvements and betterments is an important consideration because the strata corporation's policy excludes coverage for betterments that you make to your unit, or that a prior owner of your unit has made.
Rented Unit Owner Coverage
If you rent out your unit, it is important for you to not only advise the tenant to purchase tenant's insurance but also have a rented condominium policy for yourself.
The tenant’s policy will cover the tenant's possessions (i.e. furniture, clothes) and provide personal liability, should they be found responsible for harm caused to any part of the building in which they live or to others who live or visit there.
As the owner of the unit, you should also purchase a rented condominium policy to cover the unit improvements, furniture (i.e. stove, washing machine, refrigerator), loss assessments, rental income, as well as liability.
Deductible Protection
If the unit owner is charged back the corporation’s deductible as a result of a claim that the unit owner is responsible for, there is coverage up to $50,000. This limit can be increased for additional premium up to $100,000.
Claims Handling
The true measure of insurance service is the response to you when you have a claim and need assistance. At HUB, we measure ourselves in responding to your claims efficiently and effectively to ensure you are supported when you need it most.
Claims may be reported in person, by fax, or by telephone during regular office hours. If you have an after hours emergency that cannot wait until the office reopens, please call our 24 hour emergency service at 1-866-552-6278.
Typical emergencies requiring immediate assistance include: burst pipes, fire, explosions or sewer back-ups.
In the event of an emergency, insurance policies generally require that you take measures to protect your property from further loss.
Our Knowledge
As insurance professionals offering complex contractual products that differ so greatly, we believe our experienced recommendations can be of value to you. We believe that as consumers ourselves, we clearly understand the importance of competitive pricing. We also understand that the real cost of insurance is not just the premium, but how the insurer responds, or fails to respond, in the event of a claim.
Moreover, our people are equipped to deal with the latest trends and developments in real estate insurance and are committed to giving you the added value of our knowledge. Our growth has allowed us to acquire experts in every aspect of real estate insurance, spanning residential and commercial condominiums, apartment buildings and detached homes. This level of specialization is why we're the largest supplier of real estate insurance in Canada.
Frequently Asked Questions
Insurance for Strata and Condominium Corporations and Owners.
We want all of our clients to be well-informed about their insurance needs and options. For Strata and Condominium Corporations and Owners, we want you to know what you really need to be protected.
- After-hours emergency claims call: 1-866-552-6278
- For more information - Link to claims page
Appraisals should include all common assets and property, landscaping and site improvements, as well as current building code and municipal bylaws.
Your HUB Condo and Strata Insurance Team
Carol Mills
President
Brent Pavan
Vice President, Real Estate Practice
