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.
Devin was very quick to respond to all my numerous questions and making modifications to our application where necessary. He helped us find exactly what we were looking for!
Highly recommend Miguel. He was able to get me into the right product at a lesser price than I expected. Got everything done in a day would’ve been quicker if Autoplus did not crash. Five stars!!!!
Great experience with Prat from Surex . He managed to get things done in a day while everyone else said it will take at least 2 weeks. He understood complicated file quickly and managed to help me out with it . I got Auto insurance at the best rate! I was with TD insurance previously and paid wzy more for exsact tje same policy. I paid it upfront and once time came to an end they did not call or email or any notification about it and just canceled!!! Then told me it will take 2 weeks to get the new one . And I work as a Realtor so to have my car available to drive its absolutely necessary. Very disappointing TD .. I am happy I find Prat he definitely fixed a huge issue.
Manjinder Singh was incredibly helpful. He got me set up with my new auto insurance as soon as it was possible with no issues. He was curteous, knowledgeable and professional. Definitely an asset to your team. Great experience all around.
I’ve had a pleasant experience with Dayana.
She’s everything I want in a service provider. Respectful of time, quick responses, provides clarity on time when required, follows up as promised. She has made this process easier!
Helpful 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.
