Yes! Condo Insurance is Necessary for all Owners and Tenants
Personal condo insurance is definitely necessary for owners (and even tenants). Not only are you protecting your belongings, but you’re protecting yourself against major repair costs for issues that are both in and our of your control. Condo insurance is quite affordable as well, and very much worth it for peace of mind it provides.
Reasons to Get Condo Insurance
Check out the image below – I was reading through strata documents the other day and noticed this useful story explaining the importance of having personal condo insurance.
Questions to Ask your Condo Insurance Broker