Condo insurance: Get a quote and buy online
With Sonnet, saving money on condo insurance is easy. We’ve got you covered for your condo unit and everything in it. We offer competitive rates, special discounts and 24/7 claim support for condo owner insurance. Unlock your savings today!
Get a condo insurance quote and buy online in minutes
Whether it’s a high-rise apartment in Toronto or a condo townhouse in Calgary, you need the right insurance for a condo unit. Condo owners in
Are you a tenant renting a condo as an apartment? Check out our
If you’re renting out your condo to a tenant, take a look at our
Do I need condo insurance?
Your condo is your home sweet home. But, a condo owner has different insurance needs than a
What is condo insurance? Coverage explained
Living in Canada, you need to protect your condo or condo townhouse, its contents and yourself with condo insurance. Although policies can differ, here are some of the common coverages you get with insurance for a condo. Don’t forget to review your policy to learn how you’re covered (and where you aren’t).
Standard condo insurance coverages
Protect yourself and the people in your home in case you’re sued. With personal liability coverage, you’re covered if someone gets hurt while visiting or for damage you may unintentionally cause.
Often called condo contents insurance, this protects property you own that you could pack in a bag or put in a moving truck. Things like your clothing, electronics, furniture, etc. are covered while they’re on your property, or temporarily removed (like when you’re travelling to work – or out of the country). Just keep in mind, if you’re renting out your condo, only some contents will be covered. For example, major appliances are covered for theft.
If you can’t live in your condo during repairs from a claim – you’re covered. You can choose to stay in a hotel or with friends and family. We’ll help cover your extra living expenses either way. Renting out your condo at the time of loss? You’ll be covered for your net rental income until your tenants can move back in.
This includes three extra protections:
- Unit Improvements Coverage
Have you been making improvements or upgrades to your unit – like installing special lighting or customized closets? Don’t worry, they’re covered.
- Unit Contingency Coverage
This coverage protects you if your condo corporation’s insurance isn’t enough to take care of damages to your unit, that would normally be its responsibility to repair or replace.
- Property Loss Assessment Coverage
Your condo corporation could require its members to collectively pay for any damage to common areas (like the lobby or elevators). This coverage will pay for your share.
This covers you and anyone else on your policy in case your identity is stolen. We’ll reimburse you for legal fees as well as certain other costs that could happen, up to a limit. These could include lost wages if you have to take time off work to sort it out, and payment for services that help you get back to where you need to be.
Additional condo insurance coverages
This coverage can help in some smelly situations. Your unit and belongings would be covered for damage caused by sewage that backs up in your unit through a sump, septic tank or floor drain. Any belongings in your condo’s basement storage unit would also be covered. Or, if you can’t get into your condo because the lobby or lower levels are affected, you’d need Sewer Backup so that additional living expenses (like living in a hotel during repairs) are covered. Coverage offered depends on eligibility.
You’re covered for damage caused by fresh water, such as excessive rain, spring run-off and melting snow, coming in at ground level through windows and doors. If you can’t get to your unit due to an overland water flood in your condo’s lobby or lower levels, you’d need this coverage to get help with extra living expenses (like living in a hotel). It also includes belongings kept in your condo’s basement storage unit that are damaged. Coverage offered depends on eligibility.
In Canada, the coast of British Columbia and the St. Lawrence and Ottawa River valleys are prone to earthquakes. This optional coverage covers you in the event of loss or damage arising directly or indirectly from an earthquake. If a snowslide, a landslide, or other earth movements cause damage to your property as a result of an earthquake, you’re also protected.
Why buy condo insurance with Sonnet?
We’re Canada’s first fully online home and auto insurance company. With us, you can quote, purchase and manage your policy entirely online. Here’s why else we think you’ll love being insured with Sonnet:
Above and Beyond
First claim forgiveness, replacement cost guarantee and enhanced deductible waiver are all extra perks of our
Live in it or rent it out
We’ve kept things simple. Whether you call your condo home or rent it to tenants, we'll provide the coverage you need.
Customer satisfaction
Online doesn’t have to mean on-your-own. Our licensed Insurance Agents are here to help. Email, chat or call our fully-licensed agents and experience our top-quality customer care for yourself.
How much is condo insurance in Canada?
$520/year is the median cost of condo insurance with Sonnet in Canada. Get condo owner insurance for around the same price as a yearly gym membership.
How is my condo insurance quote calculated?
The price you pay for condo owner insurance is based on several things. This includes details like the location of your condo, how much coverage you need and your personal
How can I save on my condo insurance?
At Sonnet, we combine your unique information with a whole lot of math and analytics to build our best price just for you – savings automatically included. Here are a few ways you could save on your condominium insurance:
Claims free
No claims in the last 5 years? This could mean extra cash in your pocket.
Multi-location
Insuring more than one property could qualify you for a multi-location saving.
Bundle home and auto
Save more when you bundle your
Canadian University & College grad discount
Get a juicy discount if you’re a graduate or a student of an eligible
Employee and Group discounts!
We are partnered with more than 2,000 organizations! You can save if you’re a member of an eligible association, an
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How to get condo insurance
Getting insurance for a condo with Sonnet is simple! Quote and buy condo insurance online in minutes. Follow these easy steps.
Step 1: Get a condominium insurance quote. Press “Get a Quote” and select the “Home” icon to start the process. On the first page, select the province you live in.
Step 2: Enter your property info and personal details. Under property type, choose “condo”. Then, indicate the type of ownership and enter your address. Continue by entering your name and birthday.
Step 3: Select the coverage start date. Decide when your insurance should start, this should be your move-in day. If you’re switching from another insurance provider, choose the date you want the new coverage to begin.
Step 4: Check for group discounts! Sign up for any eligible savings. We offer juicy insurance discounts for Canadian University and College graduates, select employer groups, unions, associations, and more.
Step 5: View and customize your quote. You’re almost done! Take a closer look to ensure all the information in your quote is accurate. Want to personalize your coverage? Click “View and customize” for more.
Step 6: Buy or save your quote for later. Ready to go? Click “Buy now” to get your condo insurance coverage. Need to think about it? Save your quote and we’ll email it to you. Your quoted price will be saved for 45 days if there aren’t changes to the options you chose and info you’ve provided.
Questions about condominium insurance? We’ve got you covered
Insuring your condo should be simple. That’s why we’ve made getting a
If you
First Claim Forgiveness. This means your rate won’t increase due to your first claim. We’ll pretend it didn’t even happen.
Replacement Cost Guarantee. You’ll have the flexibility to settle claims at
Enhanced Deductible Waiver. We’ll waive your deductible for claims of $10,000 or more. Sorry, this doesn’t include claims caused by earthquakes.
Heads up! These perks cannot be added to a tenant or landlord policy.
No. Sonnet doesn’t cover short-term rentals through any home sharing service, including Airbnb and Vrbo. This applies to all our property policies ¬(homeowners, condo, and landlord). Under the terms of our renters insurance, tenants also aren’t allowed to offer short-term rentals of their apartment or house – or a room in their unit – through one of these networks.
If you’re offering short-term rentals via one of these services and something happens where you need to file a claim, your claim could be denied.
Want to know more about how Sonnet covers long-term rentals? Check out our
Yes. As a condo owner, your Sonnet condo insurance policy covers you, your personal property and
Heads up! Are you a tenant renting a condo from someone else? If so, your landlord’s insurance will generally cover the appliances, since they’re the owners – not you (unless you’ve bought them yourself).
Need more answers about condo insurance?
Wondering if your townhome needs a condo or a homeowners policy? There are a couple of questions that help with this:
- Do you have a Condo Corporation?
- If something were to happen to the outside of your home, such as to your roof, are you responsible for repairing it?
If you answered yes to the first question and no to the second, then a condo policy would best fit your needs.