Commercial Condo Insurance Caledon

Oracle RMS is an expert in property insurance. We have helped Caledon business owners like you for many years. We provide several insurance quotes from many top insurance companies to find the best coverage for your business.

Oracle RMS FAQ:

What is the purpose of commercial condo insurance?

It helps business owners avoid out-of-pocket costs for replacement or repairs if their commercial unit or the contents within experience an insurable loss. Also, depending on the policy, it may assist business owners in recovering quickly from an insured peril by minimizing any long-term repercussions and preventing financial ruin.

What is not covered under a commercial condo insurance policy?

Commercial condo insurance covers many situations but may not cover all potential disasters or damage. The following events are often not covered:

• Flood damage (different than water damage)
• Obvious maintenance neglect and associated damages
• Liability claims
• Commerical vehicles
• Units left vacant for more than 30 days
• Intentional property damage
• Earthquakes

Is commercial condo insurance required by law in Caledon?

Unless the corporation requires it, Barrie condo unit owners are not obligated to have commercial condo insurance. But it is still highly recommended because a condo corporation’s insurance coverage does not include your unit or the contents if a disaster occurs.