Coverage Chart For Strata Guard Policies
Coverage Description |
Deductible |
Amount of Insurance |
|---|---|---|
|
REIN STRATA GUARD PROTECTION
(Condominium Unit Owners Contingent Insurance Rider—All Risks Form) |
$1,000 | $100,000 |
| Extended Rental Income – 24 month indemnity | $1,000 | Actual Loss Sustained |
| Loss Assessment Coverage | ||
|
On Property—insurer will pay your share of any valid special assessment assessed by the Condominium Corporation made necessary by a loss caused by an insured peril
|
$1,000 | $100,000 |
|
On Property—insurer will pay your share of any valid special assessment made necessary by a deductible in the Strata Corporation Master policy
|
$1,000 | $100,000 |
|
On Property—insurer will pay your share of any valid special assessment made necessary by an earthquake deductible in the Strata Corporation Master policy
|
$1,000 | $25,000 |
|
General Liability—insurer will pay your share of any valid special assessment assessed by the Condominium Corporation
|
$1,000 | $100,000 |
| Contents—all major appliances | $1,000 | Included |
| Landlord Contents in Furnished Suite | $1,000 | Optional |
| Betterments and Improvements Coverage | $1,000 | Included |
| Earthquake Extension |
Varies by Location
|
Included |
| Sewer Backup & Water Damage | $2,500 | Included |
| Flood Extension | $10,000 | Included |
| Replacement Cost Endorsement | $1,000 | Included |
| Vandalism by Tenants | $1,000 | $50,000 |
|
Disappearing Deductible–losses over $10,000 (except flood, earthquake, sewer back-up and hail claims)
|
Nil | Included |
| Mortgage Rate Protection | $1,000 | Included |
| Power Surge Extension | $1,000 | $25,000 |
| Master Key Coverage | $1,000 | $25,000 |
| Debris Removal | $1,000 | Included |
| Removal of Windstorm Debris | $1,000 | Included |
| Coverage Away From Premises | $1,000 | $25,000 |
| Extra Expense | $1,000 | $25,000 |
| Tear Out Protection | $1,000 | $25,000 |
| Privacy Breach Expense Coverage | Nil | $25,000 |
Commercial General Liability |
||
| Coverage A – Bodily Injury and Property Damage – Each Occurrence | $1,000 | $2,000,000 |
| Coverage B – Personal and Advertising Injury Liability | Nil | $2,000,000 |
| Coverage C – Medical Payments – any one person | $1,000 | $10,000 |
| General Aggregate Limit | Nil | $5,000,000 |
| Non-Owned Automobile | Nil | $2,000,000 |
Note: This is a summary only. Actual coverage will be subject to the terms and conditions of the insurance policy.
