Looking for condo insurance that matches your lifestyle at the best possible price? ClickInsurance simplifies the process by allowing you to compare multiple quotes with just one form. In a few clicks, you’ll receive personalized quotes to insure your condominium unit.
Why choose ClickInsurance? Our platform brings together more than 30 trusted insurers, allowing you to review different packages that include civil liability coverage, protection for interior damages to your unit, and coverage for your personal property in the event of theft or loss. ClickInsurance increases your chances of finding the best condo insurance at the best possible price.
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In a condominium, the condo association generally insures the building as a whole (common areas, structure, etc.). However, it’s essential to have a personal policy to protect your unit’s interior, your belongings, and your liability in case of an incident. An individual condominium insurance policy can, for example, cover repair costs if you’re held responsible for damage caused to other co-owners.
Basic protections include civil liability coverage, replacement or repair of your personal property, and additional living expenses in the event of a loss. Depending on your needs, you can add extra protections, such as coverage for water damage, theft, or damage to your unit’s private areas. Comparing multiple options allows you to find the most comprehensive and cost-effective plan.
In Canada, no law requires you to purchase condo insurance. However, some condominium regulations or mortgage lenders may require an individual policy. Take the time to check any specific requirements from your condo association and financial institution to ensure full compliance.
Standard home insurance generally covers an entire single-family house, including the structure, personal belongings, and civil liability. Condo insurance, on the other hand, specifically targets the private portions of your unit, as well as any improvements and personal property. Common areas and the building structure are typically covered by the condo association’s insurance. Each unit owner must therefore take out an individual policy to complement and personalize their coverage.