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 – 18 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 $5,000 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


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