Condominium Units
Property Insurance
Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Prince Edward Island, Saskatchewan, Yukon
No
- Commercial General Liability
- Contents
- Crime
- Cyber
- Property Damage
- rented condos
- rented student condos
- rented commercial condos
- rented seasonal and short-term condos
- interim occupancy condos
Product Overview
Condominium Units by ABEX Affiliated Brokers Exchange Inc. offers wide protection for a range of condominium owners and landlords across Canada. This product is designed to meet the needs of those renting out condos, whether to students, seasonal tenants, or for short-term stays.
Coverage includes broad form replacement cost and protection against sewer back-up, all the way up to policy limits. Condominium Units by ABEX Affiliated Brokers Exchange Inc. also covers vacant, freehold, and owner-occupied condos, making it a flexible choice for property owners.
About Condominium Units by ABEX Affiliated Brokers Exchange Inc.
This product includes commercial general liability (CGL), contents, crime, cyber, and property damage coverage. It is available in ten different provinces and does not require a broker contract, making access simple for insurance professionals.
Condominium Units by ABEX Affiliated Brokers Exchange Inc. is tailored for rented condos, commercial units, and interim occupancy condos. The product is also suitable for landlords with multiple properties or those managing student housing.
For brokers looking to offer reliable condo insurance, this product page provides all the details needed. To get started or to learn more, check the ‘Contact Underwriter for Quote’ section or visit the references under Product Documents.
Condominium Units by ABEX Affiliated Brokers Exchange Inc. FAQs
Can interim occupancy condos be insured with this product?
Interim occupancy condos are eligible for coverage under this policy. This is ideal for units that are occupied before final closing, providing owners and landlords with peace of mind during the transition period. The product addresses the unique risks faced during interim occupancy.
Can Condominium Units by ABEX Affiliated Brokers Exchange Inc. be used for both owner-occupied and rental units?
Yes, this product is designed for flexibility and can be used for both owner-occupied and rental condo units. It also covers student rentals, seasonal rentals, short-term rentals, and vacant condos, making it suitable for a wide range of property ownership and occupancy scenarios.
Does the policy cover both contents and property damage for condo units?
Yes, the policy provides coverage for both the contents inside the condo and physical damage to the unit itself. This dual protection is important for landlords and owners who want to safeguard both their property and its contents.
What types of coverage are included in the Condominium Units by ABEX Affiliated Brokers Exchange Inc. policy?
The policy offers a broad selection of coverage options to address the needs of condo owners and landlords. Coverage includes liability, contents, crime, cyber, and property damage. This range of protection helps brokers meet the varied needs of their clients.
Are there any restrictions on the number of units that can be insured under ABEX Affiliated Brokers Exchange Inc.’s Condominium Units?
There are no stated restrictions on the number of units that can be insured with this product. Brokers can offer coverage to clients with single units or multiple properties. This makes Condominium Units by ABEX Affiliated Brokers Exchange Inc. a practical choice for those managing several condos or units at a time.
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