🏢 Condo Insurance in Ontario, Canada

Protecting Your Condo, Inside and Out

Owning a condo comes with unique insurance needs. While your condo corporation’s policy covers the building and common areas, it doesn’t protect your unit, your belongings, or your liability. At Solutions Insurance Group, we provide tailored condo insurance that fills in those gaps and gives you peace of mind.

🔎 What Is Condo Insurance?

Condo insurance is designed to protect what your condo corporation’s master policy does not. While the corporation insures the building’s structure and shared spaces, your personal condo insurance protects:

• 🏠 Your unit (walls, floors, ceilings, upgrades, and improvements)
• 🛋️ Your belongings (furniture, electronics, clothing, valuables)
• ⚖️ Liability if someone is injured inside your unit
• 💡 Living expenses if you must temporarily move out due to a covered loss

📝 Is Condo Insurance Mandatory in Ontario?

• By law: Condo insurance is not mandatory in Ontario.
• By mortgage lenders: If you have a mortgage on your condo, your lender will require it.
• By condo corporations: Some corporations require proof of condo insurance to comply with building bylaws.

👉 Even if it’s not required, condo insurance is strongly recommended to protect your unit and belongings.

🌟 Standard Condo Insurance Coverages

A typical condo insurance policy in Ontario includes:

• Contents Coverage – Protects your personal belongings inside the unit
• Unit Improvements/Betterments – Covers upgrades like hardwood floors or custom cabinets
• Unit Protection – Insures interior walls, ceilings, and floors not covered by the condo corporation
• Personal Liability – Covers injury or property damage you’re responsible for inside or outside your unit
• Additional Living Expenses – Pays for temporary housing if your unit becomes uninhabitable
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🌟 Optional Condo Insurance Add-Ons

You can expand your protection with:

• Loss Assessment Coverage – Covers your share of costs if the condo corporation’s policy doesn’t fully cover a claim (e.g., roof damage, shared areas)
• Sewer Backup Coverage
• Overland Flood Coverage
• High-Value Item Coverage (jewelry, art, collectibles)
• Identity Theft Protection
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🛡️ Why Use a Broker for Condo Insurance?

Condo insurance can be tricky because of the overlap between your personal policy and your condo corporation’s master policy. Our brokers help you:

• ✅ Understand exactly what your condo board’s policy covers

• ✅ Avoid gaps in coverage that could cost you thousands

✅ Compare rates from Ontario’s top insurers for the best value