Compare and purchase Canada's best condo insurance.
Exploring your condo insurance options? Surex makes it easy to compare coverage
and pricing from leading Canadian insurers. Get free and accurate quotes in just a
few minutes. Our quoter can unlock discounts that can have you saving hundreds
of dollars a year on average.
Explore coverage options from Canada’s top insurance providers
Surex works with a wide network of trusted Canadian insurers, helping you compare coverage options
and choose the right protection for your needs.
Recent condo insurance quotes across Canada
What is condo insurance in Canada?
Condo insurance is a type of home insurance that helps protect your individual unit, personal belongings, and personal liability from damage, theft, and other covered losses. It applies to what’s inside your condo but does not insure the building structure or shared spaces. Those areas are typically covered by your condo corporation’s master insurance policy.
While coverage details can vary by insurer and province, condo insurance in Canada helps protect what the master policy does not cover, including your belongings, liability, and certain costs if you need to temporarily move out after a covered loss.
Condo insurance in Canada – FAQs
Condo or townhome insurance is not legally required in Canada. However, many mortgage lenders and condo corporations require owners to carry a policy before approving financing or allowing you to move in. A personal condo insurance policy also helps protect your belongings and liability, which are not covered by the building’s master insurance policy.
A condo corporation’s master insurance policy typically covers the building structure and shared areas of the property. This can include the exterior of the building, hallways, elevators, roofs, and other common spaces used by residents. It generally does not cover personal belongings, liability, or upgrades inside individual units.
The main difference between condo insurance and home insurance is what each policy covers. Condo insurance protects the inside of your unit, your personal belongings, and your liability, while home insurance typically covers the entire house and property. Condo owners rely on the condo corporation’s master policy to insure the building structure and shared areas, while homeowners are responsible for insuring the entire property.
Condo insurance in Canada typically costs between $30 and $50 per month. However, premiums can vary depending on your location, coverage limits, deductible, and the value of your personal belongings.
Condo insurance typically covers the inside of your unit, your personal belongings, and your liability for certain risks and accidents.
Most policies in Canada include:
- Personal belongings: Covers items like furniture, electronics, and clothing against risks such as fire, theft, and vandalism.
- Personal liability: Helps protect you if someone is injured in your unit or if you accidentally cause damage to another unit.
- Unit improvements and interior coverage: Covers upgrades, fixtures, and features inside your unit that are not insured by the condo corporation’s master policy.
You can lower the cost of your condo insurance by bundling policies, qualifying for discounts, and reviewing your coverage regularly.
Common ways to save include:
- Installing a monitored fire or security system: This may qualify you for discounts by reducing the risk of theft or damage.
- Bundling policies: Bundling your condo insurance with auto or other policies can lead to multi-policy savings.
- Maintaining a claims-free record: If you haven’t filed any recent insurance claims, you may be eligible for a claims-free discount.
- Reviewing your coverage regularly: This helps ensure your policy reflects your current needs and avoids unnecessary add-ons.
Not sure where to start? A licensed insurance advisor can help you identify available discounts and tailor coverage to fit your needs and budget.
To start a condo insurance claim, you should report the damage or loss to your insurance provider as soon as possible. Your insurer will review the details of the claim, assess the damage, and determine what’s covered under your policy. If the claim is approved, you may receive payment for repairs, replacement of belongings, or other covered costs, depending on your coverage and deductible.
Recent customer reviews
Find out why Canadians trust Surex for their insurance needs.
My experience with Surex is been for around 4 years. I am so thankful and especially to Devlin Bempong in Surex for his efforts in finding the right quote for my requirements.
Thank you Devlin!
A huge thankyou to Surex Insurance and a special appreciation to Mariam Chouciar for arranging the package pricing for all my vehicle's. See you next year.
Ben makes this easy for people who don’t understand insurance to get what they are looking for. He also helps fill in the gaps in things you didn’t know about. He’s also super patient.
Erich Rother was patient, creative and genuinely concerned about getting not only the most comprehensive insurance coverage but the best price available in a very volatile market. Exceptionally professional and thorough.
Related condo insurance guides
Explore helpful guides that explain how condo insurance works in Canada, including coverage basics, cost factors, and common policy terms.
Home sellers in Canada must disclose hidden material defects, as failing to do so can lead to serious legal and financial consequences.
During Canadian winters, blocked vents from snow can cause deadly carbon monoxide buildup—regularly check furnace, water heater, dryer, and chimney vents to ensure they’re clear.
Water damage in condos can be confusing; responsibility varies between owners and associations. Understanding coverage helps prevent costly surprises and ensures proper condo insurance protection.
