Extra Strata Property Damage Coverage(for condo owners only)
With this extra coverage, we’ll pay up to the amount shown on your declaration page if your Strata Corporation assesses property damage costs to you following insured damage to the strata buildings or common assets at a location you insure with us. For this coverage to be available, the damage and assessment must both occur within the policy term and the assessment must be allowed under the rules of the Strata Corporation. Special levies, strata maintenance fees, fines and strata insurance deductibles aren’t covered.
All other terms, conditions, limitations and exclusions of the policy continue to apply.