NOTE: This column is not a substitute for professional insurance advice. Please speak with an insurance advisor to discuss your situation and options. Always make sure you have a current home owner, landlord or tenant insurance policy in place.
What is Strata Insurance?
As a homeowner, landlord or renter, you need to have home insurance in place to protect you in case of accidents, unexpected issues, theft, etc. Every condo building also has a “Strata Insurance Policy” that covers the owners in case of extensive damage that extends into multiple units and common Strata property.