Tag: policy

Coverage of Water Damage

On the beginning, there is one kind of water damage in the insurance policy. It is a sewer backup. Now there is two more new coverage about water. Here is a sample from Optimumwest insurance company.   Sewer Backup Water (Excluding flood water) entering the home from: Sewer or sump system Septic tank Outside drain

How to read your condo insurance policy

First of all, the building is covered by your Strata insurance policy. So, no need to worry too much about your building, including structure, roof, wall, etc. But the others are not covered by your strata insurance policy. That is why you need buy your own unit insurance policy, or condo insurance. There are some