As a condo owner, your insurance needs are unique. While the building’s insurance policy covers the common areas and the physical structure, it doesn’t protect you and your unit against claims for personal liability or to your personal property.

Standard coverage for your condo

Protection of Personal Property

Your policy will provide coverage to replace your personal items and belongings (i.e. furniture, clothes) in case they are lost, damaged, or stolen.

Condo Improvements & Betterments

Have you put in hardwood floors, upgraded light fixtures, or custom blinds? Your condo policy provides coverage for any upgrades made to your unit.

Personal Liability

Protects you against financial loss if you are sued and found legally responsible for someone else's injury or property damage.

Voluntary Medical Expense

Covers reasonable medical expenses for people hurt on your property. This coverage is special as it can provide coverage even though you may not be legally liable.

Voluntary Property Damage

Covers property damage that you are responsible for to others’ property, even though may not be legally liable.

Loss of Use

Pays for additional living expenses if your condo is too damaged to live in during repairs.

Extra coverages you can add on

Disappearing Deductible

You can save hundreds of dollars with the Disappearing Deductible added to your policy before you suffer a claim. This endorsement reduces your deductible by 20% for every year you go without a claim. After 5 years without a claim, you’ll pay no deductible. It’s included as part of the Worry Free Bundle.

Sewer Back-up Protection

An important coverage option protecting against sewer back-up water damage. Water damage is now the most likely claim you’re to encounter even as a condo owner, if a pipe bursts in the unit above yours ensure you have the proper coverage to protect your assets.  

Overland Water Protection

An important coverage protecting against fresh-water flood. This coverage can be added to policies where sewer-backup coverage is already in place.

Personal Property Claims Protector

Keep your claims-free discount even after your first insurance claim when you have this endorsement already added to your policy. This is part of the Worry-free Bundle.

Identity Theft Insurance

Nobody is prepared for their identity to be stolen, but this endorsement can help you get back to normal as quickly as possible. This endorsement will enhance your credit and debit card coverage, provide lost income protection, and even cover some legal expenses tied to your stolen identity.

Inflation Guard

Keeping your limits of insurance adjusted by inflation. This endorsement automatically tailors your home insurance limits at renewal to keep pace with the rising costs of materials and labour to rebuild your home.

Scheduled Personal Property

Also called a personal article floater. With this coverage, possessions, including jewelry, furs, stamps, coins, guns, computers, antiques, business tools, etc., are covered. Each article is itemized and detailed in the floater, and excluded perils also are outlined. Personal article floaters often do not have deductibles.

Worry Free Bundle

Get the best value from your home insurance by adding this endorsement which combines the Disappearing Deductible and Personal Property Claims Protector.

Ways you can save on your condo insurance

We offer multiple discounts and endorsements that make our otherwise competitive condo insurance rates even more affordable.

  • Mortgage free discount
  • Claims free discount
  • Non-smokers discount
  • Combined policy discount
  • Monitored fire & burglary alarm discount

Do you have any questions? Give us a call at 1.800.461.0318 and we’ll help answer them.

Note: Coverage and discounts may vary by insurance provider and are subject to change. Optional coverage and discounts have special eligibility criteria to qualify. Talk to a broker to confirm coverage options and discounts that are right for your policy. Available only in Ontario.

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