Commercial Condo Insurance Niagara Falls

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Commercial Condo Insurance Niagara Falls With Oracle RMS

Niagara Falls, which lies in southern Ontario’s Golden Horseshoe region, is a year-round tourist destination with nearly 100,000 residents and many successful businesses. With the number of business owners who reside in Niagara Falls, it is crucial that they make sure their commercial property is secured with a trustworthy commercial property insurance policy against frequent perils.

Business owners buying a commercial condo unit must be prepared to assume greater risks. Due to their proximity to other units, condominiums are more likely to sustain severe damage. They are, therefore, more susceptible to damage from unexpected incidents, such as a fire that swiftly spreads throughout several condo units. Owners of commercial condo units are therefore obliged to take all necessary precautions to preserve their property due to the greater dangers they may regularly face, including damage, theft, and loss.

Request a free quote from Oracle RMS for commercial condo insurance in Niagara Falls today!

Commercial Condo Insurance Niagara Falls

Get a free quote for commercial condo insurance in Niagara Falls with Oracle RMS today!

Premium Commercial Condo Insurance Solutions with Oracle RMS in Niagara Falls

Oracle RMS is an expert in safeguarding the assets of your business. We have provided insurance to Niagara Falls business owners for several years. We provide our clients with a selection of commercial condo insurance quotes to choose from that we’ve gathered from several of the best insurance providers in Niagara Falls. Our certified insurance specialists at Oracle RSM proudly provide business owners like you with first-rate customer service and an insurance policy built of exceptional insurance solutions.

Oracle RMS FAQ:

Is insurance mandatory for commercial property in Niagara Falls?

No, carrying commercial property insurance is not required in Niagara Falls or anywhere in Ontario. So, business owners are not required to have it unless your condo organization mandates that each tenant obtains their own policy.

However, condominiums, in particular, are more vulnerable to damage and loss, so it is strongly advisable for any business operating out of a commercial condo unit to have commercial condo insurance. After all, all businesses encounter risks on a daily basis, but condos are even more at risk. Furthermore, a condo association may order their tenants to cover any shortfalls in the association’s insurance coverage should they find they don’t possess enough to cover damages or legal fees.


Is it legal not to have condominium building insurance?

No. All condominiums in Ontario must carry building insurance (as stated in Ontario’s Condominium Act). The condo corporation is legally required to obtain and maintain insurance on its own or on behalf of the building’s owners. 

Is condominium building insurance the same as home insurance?

No. While they both protect the building itself, condominium building insurance is a form of commercial property insurance, which protects commercial buildings, and home insurance protects residential homes. 

Are natural disasters covered under commercial insurance in Niagara Falls?

While many natural disasters, including wind or lighting damage, are covered by commercial insurance, there are a few exclusions.


Since most property insurance policies do not cover earthquake damage, businesses located in earthquake-prone areas will need to either add an earthquake endorsement to their commercial property insurance policy or buy a separate earthquake insurance policy.


Most commercial insurance policies will not provide coverage for damage caused by flooding. Hence, it is essential that you obtain separate flood insurance if your business is located inside a flood plain. This is because flooding is the most expensive natural disaster, with possible damage costs exceeding millions of dollars.

Additionally, heavy rains, dam failures, and sometimes new construction can cause flooding in businesses outside flood plains. For this reason, this extra insurance may still be advantageous for any business.


If your company is situated in a designated hurricane zone, it is essential to verify if your commercial property insurance policy covers property damage resulting from severe weather events, including hurricanes. This coverage will differ depending on your insurer.

The Right Coverage For You

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Get a Free Insurance Quote with Oracle RMS Today!

Owning a commercial property necessitates being prepared for any scenario. To protect your assets and your commercial condo from potential risks, you must take the necessary measures. When it comes to your insurance needs, Oracle RMS is ready to help.

Get your free quote for commercial condo insurance in Niagara Falls, Ontario, today!

Words From Our Customers

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“I purchased my first car a year and a half ago and called Oracle for car insurance quotes. They have excellent customer service – in particular, Chris was very helpful in getting me a great rate. He is extremely prompt at answering any questions I have about my policy and about anything insurance related! I highly recommend this brokerage.”

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