The Condominium property market has recently experienced a severe contraction in available capacity, often requiring more than one carrier to share in the risk.
SSRU offers a residential condominium program across Canada in all jurisdictions (excluding Quebec).
Non-lead Quota-share Capacity limits of up to CAD 15M.
Premiums start at $7,500, net of commission
Minimum deductibles: $10,000 PD $50,000 Flood / Sewer Backup / Water Damage Earthquake 5% / $100,000
Bespoke treaty with a Canadian domiciled Reinsurance panel led by an A-rated Canadian owned insurer
For residential condos with TIV of CAD 5M or greater
SSRU maximum line 50% of TIV
Incidental commercial occupancy is acceptable
Minimum 50% owner occupancy
All Claims handled directly through our insurer.