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Home Insurance for Condo

  • Last Updated:
  • May 26th, 2020 11:47 am
[OP]
Member
User avatar
May 2, 2014
300 posts
85 upvotes
Toronto

Home Insurance for Condo

Hello. Asking for a relative who is trying to switch providers due to an increase in current provider's rate.

Mortgage paid, 10th unit of a condo in a good area of north york, no claims for last 20 years. she does rent out a bedroom to a student however. no car.

The link shows the quote. I believe KTX is the broker and Gore is the insurer. This will be $200/year less than what is currently paid.
I have gone through it and seems okay. the $35,000 in coverage seems reasonable as the valuables are mostly furniture, electronics and clothing.

https://i.ibb.co/52nKTtt/quote.png

what are your opinions?
2 replies
Deal Addict
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Nov 9, 2003
1426 posts
243 upvotes
Grimsby
Not quite sure what you are asking as that is about 72 cents per day for peace of mind. I pay slightly more than that and mine is a bungalow condo.
[OP]
Member
User avatar
May 2, 2014
300 posts
85 upvotes
Toronto
Owbist wrote: Not quite sure what you are asking as that is about 72 cents per day for peace of mind. I pay slightly more than that and mine is a bungalow condo.
Just wondering if there are any major flaws or omissions that i should be aware of. I think it all looks good and would like to tell my relative to proceed with switching insurance, but i am just seeking out assurances first. current insurance provider has increased price to $500 for next month;s renewal.

One question I had was whether the 1st claim forgiveness for 30/year was worth it?

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