Compare Condo Insurance Quotes Online

See Your Cheapest Condo Insurance Quotes in Just 1 Minute!

Compare Rates from 25+ Canada's Condo insurance companies

AIG Insurance Aviva Insurance Economical Insurance Intact Insurance Northbridge Insurance RSA Insurance Travelers Insurance Wawanesa Insurance Gore Mutual Insurance Hagerty Insurance

Condo insurance in Ontario


 

While your condo building is protected by the condominium corporation, there are aspects of the coverage that are lacking. Some damages are not part of the corporation’s policy. For example, flood damage, break-ins, and an injury occurrence in your unit can all leave you unprotected by the condominium corporation insurance. Additionally, customers also assume the cost for vandalism and smoke damage

These costs can quickly mount, covering legal liabilities, repairs, and relocation. With this in mind, condo insurance is essential for condo owners and is the perfect accompaniment for coverage provided by the condominium corporation. Condo insurance covers your personal property and the interior of the unit.

Liability protection is a benefit that covers bodily injury and property damage to third parties. ShopInsuraceCanada.ca helps you compare condo insurance quote across a breadth of Canada’s leading insurance providers.

Get The Cheapest condo insurance quote online


Affordable

Why should you pay over the odds for condo insurance? By shopping for quotes online, you guarantee yourself the best possible price for the coverage you want.

Fast

The ShopInsuranceCanada.ca quote tool is very fast and easy to use. You can get the best insurance quotes within minutes.

Free

Importantly, there is no cost to use our tool, and there is certainly no obligation to buy coverage from any of the insurance quotes we present.

Easy

We pride ourselves on having an efficient quote tool. By using an easy-to-use system of drop down menus, you can race through the process and not need to worry about being confused.

Unbiased

Our team works for the customers and not insurance companies. We have no obligation to any company, allowing us to find you’re the best quote from a range of the top providers in Canada.

Secure

We ask for the details that are relevant to your policy and nothingmore. ShopInsuranceCanada.ca does not share user data with third parties.

Condo insurance details


 

It is important to know what condo insurance options there are, and what limitations are in place. For example, standard policies do not cover high-value items, like rare art, precious jewellery, and more. These items need to be covered under a separate policy, or to be listed individually on a standard policy at an additional cost.

There are two main types of condo insurance:

All perils coverage: covers belongings against numerous types of danger. Any exclusions are listed on the policy. All perils is the most expensive condo insurance type, because it protects against a wider range of hazards.

Named perils coverage: Named perils coverage only protects your belongings against the most common types of hazards, which will be clearly listed in your policy.

Actual cash value or replacement cost?

An actual cash value (ACV) plan will pay out the value of items at the time they were damaged (and the claim was made). However, an ACV plan will assess value with depreciation as a factor, which means the pay-out for the claim is unlikely to cover the total cost of lost or damaged items. For example, if a three-year old TV is lost, the insurer will pay out for what it is worth now, not its cost as new. This is unlikely to cover the price of buying a new TV.

Replacement cost plans do cover full reimbursement for the full value of lost or damaged items. Using the TV example, the insurer would replace the TV for one that is of same make and quality (if possible), which means with a good replacement cost plan, customers can get all their lost or damaged items fully replaced.

Condo Insurance Premium By Province


 Manitoba

 Newfoundland and Labrador

 Nunavut

 Northwest Territories

 Saskatchewan

 New Brunswick

 Yukon

 Nova Scotia

 Prince Edward Island

Insurance News

Metro Vancouver get worst of BC auto insurance premium hikes

By: , published on

British Columbia is Canada’s most expensive auto insurance market in Canada, an upcoming rate increase will worsen the situation for customers. Motorists living in the Lower Mainland/Metro Vancouver region will be most affected by the premium hike, according to documents. The Insurance

ShopInsuranceCompany.ca

Category: News

Brokers of all sizes can embrace innovative technology says IBC executive

By: , published on

The broker network is a fabric of the Canadian insurance industry covering brokerages that are large, small, and everything in between. Some smaller brokers may believe that discussions on embracing technology are reserved for larger businesses, but the Insurance Bureau of Canada (IBC) insists

ShopInsuranceCompany.ca

Category: News

New Brunswick floods “historic” but not catastrophic

By: , published on

The spring floods that affected parts of New Brunswick are now being discussed potential “record setting” and “historic” despite not causing enough damage to be deemed a catastrophe event. Catastrophe Indices and Quantification (CatIQ) categorises a cat event as one that deals over $25

ShopInsuranceCompany.ca

Category: News

Read More

Welcome to Canada’s Authoritative Source for Insurance News, Information & Rates.

Copyright 2017 ShopInsuranceCanada ShopInsuranceCanada | 1003-60 Bathurst St. Toronto, ON M5V 2P4 Canada | 416-913-0151 | Privacy Policy | Terms & Conditions