Residential Realty
by Cansure
Property Insurance
CA$ 50M
CA$ 1,000
Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan, Yukon
Yes
- Directors and Officers Liability
- Equipment Breakdown
- Property and Casualty
- Tenant Legal Liability
- Umbrella / Excess
- Properties under a Strata or Condominium Corporation name such as:
- Townhouses
- Apartments
- Residential
- Office
- Commercial Buildings
Product Overview
Residential Realty by Cansure is designed to protect properties managed under strata or condominium corporations across Canada. This product offers broad coverage and flexible options for a range of residential and mixed-use buildings.
The policy covers key risks, including property and casualty, directors and officers liability, equipment breakdown, tenant legal liability, and umbrella or excess liability. With a $1,000 deductible, it helps manage costs while providing strong protection for property owners and managers.
About Residential Realty by Cansure
The policy stands out for its customizable limits and competitive pricing. It is available in most provinces and territories, making it accessible to many Canadian clients.
Insurance brokers must have a contract with Cansure to offer this product. Application forms and factsheets are available to help brokers and clients understand the coverage and eligibility requirements.
Residential Realty by Cansure is a practical choice for townhouses, apartments, residential, office, and commercial buildings under strata or condo corporations. For more details or to get a quote, brokers can connect with the company using the ‘Contact Underwriter for Quote’ function or check the resources provided on this page.
Residential Realty by Cansure FAQs
What types of organizations can apply for the policy?
Residential Realty by Cansure is available to strata or condominium corporations. These organizations may manage townhouses, apartments, residential buildings, office buildings, or commercial buildings.
Does this residential realty insurance product offer coverage for mixed-use buildings with both residential and commercial spaces?
Yes, this insurance product covers mixed-use buildings. Properties with both residential and commercial spaces under a strata or condominium corporation can qualify for coverage.
Are there any specific requirements for properties to be eligible for Residential Realty by Cansure?
Properties must be managed under a strata or condominium corporation. They must also be located in an eligible province or territory to qualify for the policy.
Can this Cansure product be tailored for larger strata or condominium corporations?
Yes, Cansure’s Residential Realty program offers customizable limits and coverage options. Larger strata or condominium corporations can adjust coverage to fit their unique needs.
Does this insurance product provide equipment breakdown protection for building systems?
Yes, equipment breakdown protection is included. This coverage helps protect against losses from mechanical or electrical breakdowns of building systems and essential equipment.
Are there any exclusions property owners should be aware of with Residential Realty by Cansure?
Exclusions may apply and can vary by policy. Property owners should review the program documents for details on what is not covered under the policy.
What is the process for brokers to access application forms and factsheets for this residential realty insurance?
Brokers can access application forms and factsheets directly from the product page. They may also contact the underwriter for more information or specific documents.
How does the deductible work for Residential Realty by Cansure?
The policy has a minimum deductible of $1,000. This deductible applies to covered losses as outlined in the policy documents.
Can this residential realty insurance be used for new developments or only existing properties?
Coverage is available for both new developments and existing properties. Properties must meet the eligibility criteria for this insurance product to qualify.
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