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.
Lisa Clark helped me with my insurance! It was so easy and fast to get a quote and set it up. Super appreciative of Lisa and her hard work right when I needed it most. Got approved for insurance and am now driving my first car :)
10/10 service all the way around
Can't recommend Surex enough! Matthew Gill in SW Ontario has always been wonderful. I have been with Surex for some time now and have always received impeccable, friendly, professional, and quick service. Buying a car is a pain, and getting it insured can be a tortuous experience. Thanks Matthew for making so easy for us!
From the very first moment to the final email, Mr. Kishan Patel exceeded my expectations. He understood my situation, addressed my concerns, and resolved the issue quickly and professionally. I’m very satisfied with his service and highly recommend him.
Thanks Kishan ✌🏼
Surex and I have been doing business for a few years now. They answer my calls and if necessary. Very polite and knowledgeable. My paperwork always arrive in prior to renewal and is accurate. They have very good rates.
Ashley Bushfield at Surex is pure magic. She's a miracle worker — I don't know how she does it, but she gets things done.
From day one she was on top of everything. Quick replies over text, always knew exactly what was going on with my file, and got things sorted fast. I never had to chase her for anything, which meant everything to me when I was stressed out.
She's so easy to reach. Text her and she gets right back to you, no phone tag, no waiting on hold. Things are just so easy with Ashley. She went out of her way to deal with problems that weren't even hers — fought to fix messes she didn't create, just because she cared about getting it right for me.
She's an example of what real customer service is supposed to be. It's rare to find someone who actually cares like this. Surex is lucky to have her — I hope her managers know what they've got.
If you want a broker who'll look after you, ask for Ashley. I can't recommend her enough — she's the best.
