Condo Insurance in Ontario

Your condo corporation's master policy covers common areas -- but not your unit improvements, personal belongings, or liability. Condo insurance fills that gap.

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Have Ready for Your Quote:

Property address and unit number
Condo corporation name
Copy of condo status certificate (if available)
Value of unit improvements / upgrades
Personal property estimate
Current policy (if switching)

For general guidance only. Coverage details vary by insurer, policy, and your condo corporation's master policy. Always review your specific documents or contact your broker.

What Condo Insurance Covers

Unit Improvements & BettermentsEssential

Covers upgrades you've made -- flooring, kitchen cabinets, countertops, fixtures, and finishes beyond the original standard.

Personal PropertyStandard

Furniture, electronics, clothing, jewelry, and all belongings inside your unit.

Personal LiabilityStandard

Covers legal costs if someone is injured in your unit or if you damage another unit or common areas.

Additional Living ExpensesStandard

Temporary housing and living costs if your condo becomes uninhabitable after a covered loss.

Loss AssessmentImportant

Covers special assessments from your condo corporation for damage to common areas or shared facilities.

Water DamageOptional

Coverage for damage from burst pipes, overflowing appliances, and sewer backup. Often optional -- confirm with your broker.

Master Policy vs. Your Condo Insurance

Your condo corporation carries a master policy that covers the building structure and common areas. Your personal condo insurance covers everything inside your unit -- your improvements, belongings, liability, and any deductible the corporation may pass on to you after a claim. Without your own policy, you could be personally responsible for tens of thousands of dollars.

Condo corporation deductibles can be $25,000 - $100,000+

If a claim originates from your unit (such as a water leak), your condo corporation can pass their insurance deductible on to you. These deductibles have skyrocketed in recent years. Make sure your condo insurance includes adequate loss assessment and unit deductible assessment coverage. Ask your broker to review this.