Condo & Townhome Insurance
Your condo or townhome is more than just a place to live; it's an investment worth protecting. At Poco Insurance, we make condo insurance easy with coverage tailored to meet your specific needs, ensuring you can relax knowing your property is in good hands. Whether you own an apartment, townhouse, or any other type of condo, we’ve got you covered.
Unmatched Coverage Options at Poco Insurance
Condo & Townhome Insurance Features
While the strata corporation typically insures the building structure, it’s crucial to have your own condo insurance to protect your personal belongings and other property. Our condo insurance policies offer essential features, including:
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Protects the contents of your condo unit against loss or damage, including electronics, appliances, furniture, and other personal belongings.
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Covers the cost to repair upgrades that have been done to your unit, such as upgraded flooring or a kitchen and bathroom renovation.
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Provides financial support for additional expenses, such as hotel stays and meals, if you're temporarily displaced from your home following a claim.
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Gives legal protection against accidental property damage or bodily injury caused to others.
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A trio of coverage that covers your assessed portion of insurable damage to the building, including if you are assessed the entire Strata Insurance Deductible.
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Your policy can be fully customized with additional protection against Sewer Backup, Flood, Earthquake, and more!
Why Choose Poco Insurance for Your Condo Coverage?
When you choose Poco Insurance, you’re working with professionals who truly understand the unique requirements of condo insurance in British Columbia. Every condo is different, and depending on your strata’s coverage, you may need additional protection. We specialize in providing tailored policies that go beyond the basics, offering you comprehensive coverage for your peace of mind.
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Frequently Asked Questions about Condo Insurance
Have questions about condo or townhome insurance? We’ve got answers to common inquiries to help you understand your coverage options. For more details, don’t hesitate to contact one of our experienced brokers.
How do I determine the right amount of Condo Insurance coverage?
We recommend creating an inventory of all your personal belongings and calculating the cost to replace everything "brand new." This total will be your Personal Contents Coverage Limit. To ensure you're properly covered for Strata-related insurance assessments, send us a copy of your building’s latest Strata Insurance policy, and we’ll help you determine the right protection.
My Strata has a high water deductible—what should I do?
If your Strata has a higher deductible, don’t worry. Many of our condo insurance providers offer up to $100,000 in Strata Deductible Assessment protection, and we also offer additional coverage options to "top up" your protection beyond $100,000 if needed.
Does Condo Insurance cover floods or earthquakes?
Yes, Flood and Earthquake Coverage can be added to most condo insurance policies. This additional protection covers your personal property and helps shield you from potential Strata assessments in case of damage caused by floods or earthquakes.
What’s the difference between apartment, condo, and townhome insurance?
The terms mostly refer to the building’s design, but for insurance purposes, all stratified apartment, condo, and townhome units are considered "condominiums" (condos). So, the insurance coverage is generally the same across these types of properties.
The Strata has insurance—why do I need Condo Insurance?
While the Strata normally covers the building’s structure, you’re still responsible for insuring your personal property, unit improvements, additional living expenses, and personal liability. Condo insurance also protects you from Strata assessments, including deductibles, in case of damage to the building (e.g., water damage originating from your unit). Additionally, if the Strata’s insurance is unable to respond, your condo policy may be required to cover some damages.
Need to File a Claim?
We understand dealing with an insurance claim can be a stressful experience. At Poco Insurance, we are here to guide you through the process and make it as smooth as possible.
Residential Quote Request
Please complete the form below to start your home insurance quote or renewal process. Our team will contact you within 1 business day (excluding weekends and holidays) to discuss your quote and gather any additional information needed.