ALLSTATE GOES AFTER LUXURY CONDO OWNERS
By Adnews Staff
Markham, Ont.-based Allstate Insurance of Canada is targeting buyers of upscale condominiums with its latest policy. Called Comprehensive Condominium Unit Owner's Policy, the insurance will provide all-risk coverage on the personal property of the condominium owner. In addition, the policy increases the levels of insurance that can be held on items such as jewelery, watches, furs and computer software. Under Allstate's other condominium insurance policy, there is a ceiling on the amount of insurance you can have for these items. In addition, if items under warranty are destroyed and Allstate arranges replacement, the insurance company will double the warranty on the replacement. Allstate has no immediate plans to promote the policy. Advertising for the insurance company is done by Leo Burnett Co. of Toronto.