I Have a Basement Locker — Is It Covered by My Condo Insurance Policy?

Yes! Your basement locker is considered part of your condominium unit and is typically covered under your condo insurance policy. 🙌

However, there are a few important things to keep in mind to make sure you’re fully protected:

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🔍 What You Need to Know

✅ Covered by Policy: Your locker is generally included as part of your unit’s insured property, meaning damage or theft involving the locker is likely covered.

💦 Consider Add-Ons: Basement lockers are more vulnerable to things like flooding or water seepage. You might want to explore additional water damage coverage or contents insurance to better protect the items you store there.

🧾 Inventory is Key: Keep a list (and ideally, photos) of what you store in the locker in case you ever need to file a claim.

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💡 Pro Tip

If you’re storing high-value items in your basement locker (like electronics, sports equipment, or collectibles), talk to your insurance provider about increasing your contents coverage.

Updated on: 04/04/2025