Q. How are my condo premiums calculated?

Unlike home insurance, which covers the property itself, condo insurance is based on the contents of your property. When it comes to property insurance, your premium is affected by some key underwriting variables:

• Postal code and street address
• Valuation of contents
• Hydrant protection (fire hydrant, firehall or unprotected)
• Construction type, size, and age of property, including any upgrades to the roof, plumbing, heating or electricity