Trusted Tips and Resources

Trusted Tips & Resources

Trusted Saskatoon Insurance Experts share a tip on Condominium Unit Owner's Insurance Options

Trusted Saskatoon Insurance experts!


Here they share a tip on Condominium Unit Owner's Insurance Options:

As a condominium owner in Saskatchewan it is important to know your insurance options, as even though your condo corporation may have it's own policy to cover the property, common areas, and structure, this will not cover your belongings, improvements you have made to your unit, or personal liability. SGI Canada offers the following Condominium Unit Owner's Pak options. 


Condominium Unit Owner's Pak A

Protects your belongings against loss or damage resulting from:

- fire or lightning

- explosion or implosion

- smoke

- falling objects

- impact by aircraft, spacecraft or land vehicles

- riot

- vandalism

- water escape and rupture

- electricity (power surge) 


Condominium Unit Owner's Pak I

In additional to Pak A coverage, Pak I also covers:

- glass breakage

- theft, including damage caused by attempted theft

- loss or damage to items being transported, caused by an accident involving the transporting vehicle 




Condominium Unit Owner's Pak II

In addition to Pak I, includes comprehensive coverage for yout belongings (subject to certain restrictions).


Important Features

All packages come with several important features for no additional cost.


Personal liability coverage

Also included with all packages, this coverage protects you in case you're found legally responsible for bodily injury to someone else or for damage to their property. This is a $1 million limit in personal liability coverage to cover:

- court costs, legal fees and certain other expenses associated with your defence in the event of a liability suit

- voluntary medical payments up to $5000 and voluntary property damage payments up to $5000, even if you're not legally liable 


Improvements and Betterments Coverage

All SGI Condominium Unit Owner's Paks automatically provide 200% of the belongings amount in coverage for any improvements you make to your condo. You can increase this amount for an additional premium charge.


Contingent Coverage

This provides protection for your unit in the event the condominium corporation's insurance is inadequate.


Additional options

- Identity Theft Coverage

- Excess Protection - premises improvemnts

- Increased Limits Coverage

- Special Belongings Coverage

- Sewer Backup Coverage

- Voluntary Fire Fighting Coverage

- Watercraft Coverage

- Seasonal Home Coverage

- Rental Home Coverage






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129 21st St E #400
Saskatoon, SK   S7K 0B2
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