Renovating your condo

You're ready to renovate. Redoing the kitchen? Putting in a new floor? Whatever improvements you make to your condo, let your home insurer know.

Reviewing your coverage

To offer you the coverage best adapted to your situation, your insurer takes several of your home's features into account. And if one of them is modified following a renovation, your insurer must update your file.

For example, if by misfortune, you were the victim of a fire, you would want any features that were added or improved after the last renovations to be taken into account. That's why it's always important to have insurance coverage that reflects the real value of your home and its contents.

N.B. Before you start renovating, you must consult your condominium syndicate. In fact, it is responsible for doing certain work, for example, replacing windows and doors.

Your premium may decrease

If your renovations add value to your condo, your home insurance premiums could well increase. However, certain types of renovations, whether done by you or your condominium syndicate, may actually reduce your premiums.

For example, upgrading your building's plumbing or reshingling the roof reduces the risk of water damage. Just as a new electrical system reduces the risk of fire. Your insurer will factor in these elements when calculating your premium.

Does your
policy cover an
Act of God?

Does your policy cover an Act of God?

All are sometimes referred to as Acts of God. Some are automatically included in home insurance policies. Others can be insured by adding a coverage known as an endorsement. Learn More

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