Condo Insurance
Protect your condo with confidence
Your condo is more than just a living space–it’s where life happens. Whether you’re a first-time owner or a seasoned resident, having the right coverage ensures peace of mind. We provide comprehensive protection for your unit, belongings, betterments and upgrades, common elements loss assessment and liability, so you can enjoy your home worry-free.
Why should you have condo insurance?
While your condo corporation may have a building policy, it won’t cover everything inside your unit or your belongings. Our coverage helps safeguard your possessions, upgrades, and peace of mind–so you can enjoy your space with confidence.
Types of Coverage
Condo insurance offers peace of mind by protecting your unit, personal belongings, and more. Key condo insurance coverage can include:
- Contents insurance
- Liability insurance
- Improvements and upgrades coverage
- Loss assessment coverage
- Unit additional protection
- Additional living expenses
Key factors that impact your premium
Your condo is unique, and your premium is based on several factors, some of which can include:
- Age, number of units, type of structure, exterior finishing
- Replacement cost of your belongings
- Location
- Condo corporation’s insurance policy and deductibles
Comprehensive coverage for your condo
Live comfortably knowing your condo and belongings are protected from life’s unexpected events.
Frequently asked questions
Find answers to common questions about condo insurance.
What is loss assessment coverage, and do I need it?
Loss assessment coverage helps protect you if the condo corporation charges unit owners for shared expenses due to an insured loss, such as damage to common areas. It’s a valuable safeguard to avoid unexpected costs.
Do I need condo insurance if I’m renting out my unit?
Yes, if you rent out your condo, you may need a landlord or rental unit policy to protect against tenant-related risks. This can cover damages, loss of rental income, and liability.
Doesn’t my condo corporation’s insurance cover everything?
No, your condo corporation’s policy typically only covers the building structure and common areas. It does not protect your personal belongings, upgrades, or liability within your unit. Condo insurance ensures you have coverage for these and more.
Have more questions?
Contact us for more information.
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