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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 $25,000
Disappearing Deductible–losses over $10,000 (except flood, earthquake, sewer back-up, water, tenant’s vandalism or malicious damage, 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

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

 
* Not available in all areas. Please contact us to check availability for your properties.

Note: This is a summary only. Actual coverage will be subject to the terms and conditions of the insurance policy.

From Our Customers

“It was great to deal with an insurance company that clearly understands rental properties. I recommend all REIN members get their rental properties insured with the REIN program through Park Insurance.”
— D.S.
“Thanks for your assistance in arranging insurance coverage on our first investment property. You did an excellent job of explaining Park’s program for REIN members and answering our questions. We look forward to working with you in the future.”
— G & P.C
“We are so grateful to have this new coverage and it was a pleasure working with Bryan. It is this kind of support and huge value products that make us thankful and proud to be REIN members.”
— M & R. G.
“I’ve been to several insurance brokers before, only to come back more confused than ever. Rosanne was very forthcoming and took the time to patiently guide me on the technical aspects of the policy, and I have no hesitation whatsoever in recommending your company to other investors.”
— L.M.
“We are very satisfied with the coverage that we have with the REIN Investor Guard package and the claims that we have had have been handled in a manner exceeding our expectations.”
— L & N. T.