Condo Insurance
Your condo corporation's master policy doesn't cover your unit the way you think. Condo owner insurance fills the gaps, your improvements, your belongings, and surprise special assessments.
What's Covered
Unit Improvements
Flooring, kitchens, bathrooms and upgrades, covered beyond the corporation's standard unit definition.
Contents
Everything you own inside the unit, from furniture to electronics.
Loss Assessment
Protection if the condo corp levies a special assessment after a major claim.
Personal Liability
Coverage if you cause damage to neighbouring units, like a leak into the unit below.
Additional Living Expenses
Temporary housing if your unit is uninhabitable after an insured loss.
Water Damage
Unit-owner water endorsements for the leaks and overflows condos are known for.
What Ontario Drivers & Owners Should Know
Ontario's Condo Act leaves a grey zone between the corporation's policy and yours, the 'standard unit' definition in your condo's by-laws decides where their coverage ends. Special assessments after big building claims can run into the thousands per owner. A proper condo policy is inexpensive and closes these gaps completely.
Who this is for
- Condo and townhouse owners across the GTA
- First-time buyers who just closed
- Investors with tenanted condo units
- Anyone relying only on the condo corp's policy
Condo Insurance: Common Questions
No. The master policy covers the building structure and common elements, not your flooring, kitchen upgrades, belongings, liability, or special assessments. You need your own unit-owner policy.
If the condo corporation faces a large claim (say, a major flood) and charges each owner a special assessment, loss assessment coverage pays your share, assessments can be thousands of dollars.
Yes, and you may need a landlord-style condo policy with rental income protection. Sunny structures it correctly for tenanted units.
Typically a few hundred dollars a year, one of the best values in insurance. The exact price depends on unit value, building, and coverage limits.
Ready to get covered right?
Get a free, no-obligation quote shopped across 60+ insurance companies. One conversation could save you hundreds.