Home Insurance for Co-owners of a Condo

Everyone has access to the insurance products we offer on our website. You are warmly welcomed to request a quote for any of them that are of interest to you.

Naturally, we provide special benefits for CAA-Quebec members, such as discounts on various insurance premiums as well as preferential rates. Becoming a member to take advantage of these benefits could prove worthwhile for you. Feel free to discuss it with one of our advisors.

The first step is to contact your advisor. If you are not satisfied with the information they provide, you can write to us. For more details, including contact information, please refer to our Complaint Handling and Dispute Resolution Policy.

“All perils” (comprehensive) Home Insurance covers three- and four-wheeled mobility scooters. These adapted means of transport are therefore protected against fire, theft and accidental breakage, both on the insured premises (your residence) and off the insured premises (e.g., the restaurant you go to for dinner). This is why it’s important to have home insurance, even if you’re a tenant. Considering the cost of these vehicles, even if there’s a $500 deductible to pay, you’ll appreciate being able to make a claim. 

Be aware, however, that home insurance policies don’t include a towing service for three- or four-wheeled scooters. Likewise, unlike auto insurance policies, which often provide for a replacement vehicle if your car is damaged and needs to be repaired, home insurance policies don’t provide a replacement three- or four-wheeled mobility scooter if yours requires repairs following a road accident (which remains the most common cause of claims for three- and four-wheeled scooters). 

And while there’s no maximum coverage limit, note that insurers can limit the maximum speed at which a three- or four-wheeled scooter is insured (e.g., 32 km/hour). So, before you purchase one for its performance or modify the one you already have, speak to your insurer to find out the speed limits associated with your home insurance policy.

The goods you use for work (computer, books, etc.) are generally only covered up to a few thousand dollars. For example, CAA-Quebec’s “all perils” Home Insurance provides total coverage of $4,000 for all personal property related to professional activities, such as books, tools, instruments, work clothes and merchandise.  

Be sure to review your contract carefully and consider choosing a home insurance policy that provides coverage for people who are self-employed, or commercial insurance.  

In addition, if you meet clients at your home, the civil liability coverage included in your home insurance wouldn’t cover accidents that happen to them at your home or damage to their property. You must therefore have a professional liability rider added to your policy.

All the goods in the home, including those not owned by the insured person, are covered up to the limit of the policy. However, if the total value of your property exceeds this amount, the insurer will prioritize the property of the insured person registered in the contract. It would therefore be wise to increase the coverage. 

For complete peace of mind, have your name added to the policy to benefit from the same civil liability as the insured.

If you buy wine that costs less than $100 a bottle, there’s no need to insure it separately. CAA-Quebec’s Home Insurance reimburses a maximum of $100 for each bottle of wine, spirits or other alcoholic beverage lost, up to $5000 per claim, provided that the bottles were kept on the insured premises.  

On the other hand, if you own bottles worth more than $100 each, you’ll need to take out specific insurance. You can take out specific insurance provided by CAA-Quebec for an amount of up to $20,000. 

When you purchase your home insurance, take an inventory of your cellar and establish the average value of each bottle along with the overall value of your collection. It’s a good idea to photograph the bottles and keep all invoices. Update your inventory periodically to account for bottles consumed or added. If need be, call on specialists to estimate the value of your wines: if you need to make a claim, you will probably be required to provide this kind of list. 

Lastly, remember that wines and spirits are protected against the same causes of damage described in your policy for other losses: fire, theft, vandalism. In other words, your wine collection will not be protected against damage due to a sewer backup or an earthquake, unless you add such endorsements to your basic contract.  

Home insurance normally covers bicycles as well as related equipment like carrier bags as well as child seats and trailers. 

Be careful: in the event of theft, your policy probably specifies a maximum reimbursement amount, which applies to all bicycles in the household. So, if a thief breaks into the garage and makes off with your oldest son’s bike, your toddler’s trailer and you and your spouse’s high-end road bikes, the value of your loss may well be higher than the reimbursement amount. If need be, contact your insurance company or your broker to have the coverage amount increased. 

If you have CAA-Quebec “all peril” Home Insurance, basic coverage is $3000 per bicycle, per claim. Whether you’re a homeowner, co-owner or tenant. CAA-Quebec members receive this coverage automatically with the No Stress Policy®. Of course, you can modify this amount by calling us. 

If your bike breaks during normal use, for example if you fall after riding through a pothole, the damage will not be covered. 

Keep in mind that it isn’t always worth filing a claim for the theft of a single bike. For instance, if your bike is worth $1000 and the deductible on your home insurance policy is $500, your net reimbursement will be only $500. You’ll also have to deal with the consequences of having a claim listed in your insurance policy history for a few years, which will mean a higher premium. 

Certain conditions apply. The insurer reserves the right to choose the risks it covers.

1) Discount available when an insured person who is a CAA-Quebec member holds both Auto Insurance and Home Insurance for a house, apartment, or condominium. Discount varies from one file to another. New customers who are CAA-Quebec members and combine Auto and Home insurance are offered 50 CAA Dollars. Both policies must be purchased on the same day. This CAA Dollars rebate offer ends on March 30, 2026.