July 14, 2026
Imagine this: a fire breaks out in your condo. It’s put out quickly, but the water and smoke still end up damaging several nearby units. If a fire starts in your unit, you could be held responsible, depending on the circumstances, and may have to cover costs such as repairs, damage to neighbouring units or temporary housing. Because the fire started in your unit, you may be held responsible for certain damages—including repair costs, your neighbours’ damaged belongings and temporary housing while things get fixed. Without personal condo insurance that covers this type of situation, the repercussions could be costly.