Condo Insurance that is included in your condo contributions or fees, is insurance for the whole building and all the common areas.
So for example, if your builiding gets hit by hail and there is all kind of damage to the property, then the insurance would kick in and likely pay for all the necessary repairs.
The other type of insurance is the insurance that I explain in the video below. If you have any questions about buying a condo in Calgary or questions about the general buying process feel free to give me a call at 403-827-7527
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