Your Personal Property Will Be Replaced
Your condo insurance policy will give you specific details about your coverage amounts for your personal property. Your coverage will include the cost to repair or replace your personal possessions if they get damaged, lost, destroyed, or stolen.
Personal items that are protected by your policy include:
- Items in your condo
- Items temporarily stored outside of your condo such as in a storage unit or locker
- Items taken with you on a holiday
Please note that often there will be special limits applied to valuable items such as jewellery and bicycles. You need to check these limits and discuss them with your broker.
If you have unique or extremely valuable items, then let your broker know so they can make sure that your are properly covered.
You may also need to show receipts or proof of purchase to your insurance company to prove that you owned those more expensive items.