3 Things You Need to Know About Condo Insurance Services in Alberta

Do you own a condo in Alberta? Are you curious to learn about condo insurance and what kind of policies are available? Condo insurance services differ from your regular, run-of-the-mill home insurance in that different policies will cover different assets. For example, a policy that offers coverage for the building will not include coverage for your possessions.

For this reason, you may want to speak with a condo insurance broker to learn more. This is where Alpine Insurance can be of assistance. Our team of expert insurance brokers in Alberta can answer any questions you may have.

But if you’d like to do some research before booking a call, no problem. Keep reading to learn more about our condo insurance services in Alberta.

What is Condo Insurance?

Condo insurance – in its simplest terms – is a personal policy that safeguards your particular unit and rounds off the coverage you instantly receive via your condo corporation. It may sound complicated, however, it can be easily explained.

This is how condo insurance operates: The insurance of the condo corporation safeguards and shields common areas in addition to building resources such as gyms, entrance halls, elevators, pools, etc.

And your individual insurance plan covers the items and possessions within your unit; personal property, repair costs, living expenses should you have to lodge in a different residence until repairs are complete, etc.

Now that you’re familiar with what condo insurance is and how it works, here are 3 things you need to know about it.

1. A Professional Can Make the Process Effortless

As it pertains to insurance policies, the process of choosing the right one for you can be a tedious endeavour, to say the least. Therefore, it helps to have a professional by your side to help streamline the process.

Alpine is here to guide you every step of the way. Navigating through personal and master coverage becomes a much easier job with the assistance of an expert.

We will thoroughly analyze the current master policy for your condo to find you the appropriate personal coverage. Our condo insurance services will match you with the proper policy that will give you the right coverage, and peace of mind as a result.

2. It’s Mandatory in Alberta

In Alberta, condo insurance is not just recommended, it’s mandatory. If you own a condo property, condo insurance protection is non-negotiable. And when you think about it, it’s actually a good idea to mandate this salutary service.

The personal contentment it provides you with makes it a prudent investment. This is because it shields you against culpabilities that won’t be covered by your condo corporation’s policy
Additionally, it also safeguards your personal possessions, which are also not insured by your condo corporation’s insurance policy, either.

3. What Condo Insurance Covers

Condo insurance is a necessary part of protecting yourself, your property, as well as your possessions. However, you may be curious to learn more about exactly what it covers. Here is an inventory of what your condo insurance policy can cover.

But ensure that you speak to an insurance broker regarding your personal policy as some conditions do apply. Here are a few factors covered by most policies:


If your belongings have been damaged or impaired via someone or something outside of your realm of influence, or if they’ve been stolen – you can claim coverage for up to 90 days from the date of the incident.


The majority of policies will shield your contents against water damage, fire, vandalism and other kinds of losses. Policies typically allow you to select a limit that begins at around $20,000 and rises as high as you might require it to.


Upgrades may include new floors, countertops or even cabinets. Here is where you must be absolutely clear about the contents of your condo when speaking with your insurer. However, keep in mind that certain condo corporations have implemented bylaws that make owners liable for the flooring and countertops within their condos.

Contact us for Your Custom Insurance Policy Today

Being a property owner here in Alberta comes with many perks. And by getting your condo insured with the right plan, you can enjoy the perk of peace of mind knowing that you and your home are protected.

Alpine Insurance is here to serve the wonderful people of Alberta in meeting their insurance needs. If you’d like to learn more, contact us today for additional information. We look forward to hearing from you.

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Call and speak to a representative directly (587) 602-1305

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