Condo owner insurance coverage
Condo insurance that works for you
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Condo unit owner? You need your own insurance policy in addition to the insurance held by your condo board.
With The Personal, you get all-risk insurance that covers your property and improvements to your unit, as well as liability coverages to protect you in the event of injury to others or damage to their property. Now you can buy your group condo insurance online!
Protect your property with all-risk insurance
When you take out a condo insurance policy with us, your personal property is protected against common risks like fire, theft and vandalism. You’re also covered if a pipe suddenly bursts or a household appliance (such as a dishwasher) breaks and causes water damage in your condominium unit.
Our all-risk insurance also covers:
- Condo upgrades (remember to let us know if you make any!)
- Accidental damage (such as a paint spill on carpet)
- Additional living expenses in the event of major damage following an insured loss (i.e., what you pay out of pocket if you have to relocate after a fire while your condo is being repaired)
The phone rang as Julie was cooking, so she stepped away to answer it. While she was talking, a grease fire started and damaged her high-end stove and new cabinets. Julie’s all-risk insurance policy will cover the damage to her stove and will make up the difference between the cost of the original cabinets (covered by the condo board’s insurance policy) and her new cabinets.
Protect your assets with liability coverage
Liability coverages protect you if you accidentally injure another person or damage their property. Here are two examples:
- Your bathtub overflows and causes water damage to your downstairs neighbour’s unit
- You leave a candle burning, which sparks a fire that damages your unit and neighbouring units
Without this coverage, your finances could be put in jeopardy if you’re sued. Most policyholders opt for $1 million in liability insurance, though under certain conditions you can choose up to $5 million.
Did you know…
When you travel, your condo insurance policy provides property and liability coverages no matter where you are.
Customize your condo unit insurance with optional coverage
Add coverage for damage caused by sewer back-up, water seepage and flood
Swimming pool and hot tub
Protect your above ground, semi-inground or inground swimming pool or your hot tub against damage caused by ice and snow
Escape of fuel oil
Get coverage for damage caused by fuel oil spills
Take advantage of our assistance service
With group condo insurance from The Personal, you get access to Identity Theft Assistance at no extra charge.
- The information on this page is provided for informational purposes only. The terms and conditions of the coverages described are set out in the home insurance policy, which always prevails. Certain conditions, limitations and exclusions may apply. Online insurance purchase is available subject to our underwriting policies. Limitations and exclusions apply.