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Compare and purchase the best
condo insurance rates in Alberta.
Compare and purchase the best
condo insurance
rates in Alberta.
Get free & accurate quotes from Canada’s top condo insurance providers.
In just a few minutes, our quoter can unlock discounts that can have
you saving hundreds of dollars a year on average.
Get free & accurate quotes from Canada’s top condo insurance providers. In just a few minutes, our quoter can unlock discounts that can have you saving hundreds of dollars a year on average.
Type of Coverage We Provide
Liability Coverage
Provides protection against a lawsuit resulting from damaged property or personal injuries.
Deductible
A predetermined amount of money that you must pay towards the cost of the claim. Home insurance has different deductibles for different coverage.
Claims Forgiveness
This allows for the protection of your “claims free discount” in the event of your first claim.
Scheduled Items
Referring to 'special limits' on items like jewellery or art if the value is greater than the special limit you should list the item separately.
Comprehensive Insurance Coverage
When you purchase comprehensive home coverage, it means you are covered for anything that is not excluded.
Replacement Cost
Actual cash value policies are based on the items' depreciated value while replacement cost coverage does not account for depreciation
Our Reviews
Comparing rates from Canada's leading Insurance Providers
Save up to 25% on condo insurance in Alberta

Alberta is one of Canada's most beautiful western provinces, home to one of the world’s biggest shopping malls (West Edmonton Mall)  two National Hockey teams + Banff National Park! Alberta's sweeping landscape is comprised of mountains, prairies, desert badlands, and vast coniferous forests and has more than 600 lakes.  The top 5 cities to live in Alberta are St. Albert, Calgary, Strathcona County, Canmore, and Medicine Hat!

Condos are a popular choice among people who either want to downsize, who don't want a lot of yard work and house maintenance, and who like the amenities that a condo building provides! It gives people the opportunity to embrace homeownership without the hassle of menial tasks such as yard work, snow removal, or home repairs - you just have to worry about your own living space. 

Condo Insurance in Alberta - What You Need to Know

No, condo, home, or tenant insurance is not mandatory in Canada, although the condo association, or the owner of the condo, may require you to have to move in. You also need insurance to secure a mortgage to purchase a home or condo. So, even though it is not legally required to have, there are other outlets that may require the homeowner to purchase it.

If you own a condo or rent a house or apartment, some landlords may require tenants to have tenant insurance before moving in and condo corporations and lenders may require condo unit owners to show proof of insurance before moving in as well.

Condo insurance protects the units within a condo building. You would get it to protect your contents such as appliances, clothing and furniture (and would also cover items stored in a locker). 

It would also provide additional living expenses in the event of an insured loss (if you had to temporarily move out) as well as the condo owner's liability for any bodily injury or property damage that was unintentionally caused by others in the building.

Condo building insurance is different. This is purchased by the condo corporation to cover damage to the building and the common areas and liability on the property. This is usually included in the monthly condo maintenance fees.

There are a few factors that determine your monthly condo fees,  they include:

  • The size of the building (a larger building has more owners to share the cost)
  • The age of the building (newer buildings may have lower fees)
  • The amenities 
  • The neighbourhood

It all depends on where you live. Older buildings usually have higher condo fees because they require more maintenance and smaller buildings also tend to have higher fees because the costs are shared between fewer owners. Newer developments with an all-inclusive list of amenities have higher fees because of upkeep costs.

No, you cannot negotiate condo fees. And, they are never optional. Even though you move into a building with a pool, but never expect to use it, you still need to pay for its upkeep.

Top Sites To See in Alberta
  1. Moraine Lake
  2. Fairmont Banff Springs
  3. Lake Louise
Best Parks in Alberta
  1. Banff National Park
  2. Jasper National Park
  3. Waterton Lakes National Park
Best Restaurants in Alberta
  1. Rouge
  2. Eden
  3. Cucina
Insurance by Province & Territory

Condo Insurance by Province & Territory

Surex Insurance Tips & Advice
cost of living
3 min
We're always looking to save money! If you want to find ways to lower your living costs but are struggling to come up with ideas to do so, this article has 50 tips for you to lower your overall cost of living.
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