apartment Home & Property

Condo Insurance: Unit, Improvements & Deductible Assessment Coverage

Your corporation’s policy covers the building — not your belongings, upgrades or your share of a large deductible.

Condo (strata) unit owner insurance covers what the condominium corporation’s master policy does not: your belongings, upgrades you or previous owners made to the unit, your personal liability, and assessments the corporation can pass on to owners — including large water-damage deductibles that have climbed sharply in some markets.

checkUnit improvements and betterments
checkLoss and deductible assessment coverage
checkPersonal liability
checkAdditional living expenses

calculate Not sure how much you need?Use the free calculator →

Instant estimate

No email needed

apartmentCondo Insurance estimate

Coverage amount $500,000

$100k$1M$2M

Your age

YRS

Province / territory

smoke_freeTobacco / vaping in past 12 months?

Estimated premium

$25.00 /mo

Typical range $25.00–$41.00

Next step verified_user Advisor compares insurers

Example: Ontario, $30,000 contents, $25,000 improvements, $50,000 deductible assessment, $2M liability, $1,000 deductible · as of October 2026. Estimate, not an offer.

Coverage options

Types of condo insurance in Canada

Your personal property inside the unit and in storage lockers.

Improvements & betterments

Flooring, kitchens and other upgrades beyond the standard unit definition.

Loss / deductible assessment

Your share when the corporation charges owners for a deductible or uninsured loss.

Liability

Injuries to others and damage that starts in your unit and spreads.

tune

What affects your price

1Building age and claim history
2Corporation deductible levels
3Value of improvements and contents
4Floor and water-risk features

bolt

Your instant estimate

Estimates start from about

$25.00/mo

Example: Ontario, $30,000 contents, $25,000 improvements, $50,000 deductible assessment, $2M liability, $1,000 deductible · as of October 2026. Not a quote — your price depends on your details and the insurer.

Personalise my estimate arrow_forward

Local rules & pricing

Condo Insurance by province

ON Condo in Ontario QC Condo in Quebec BC Condo in British Columbia AB Condo in Alberta MB Condo in Manitoba SK Condo in Saskatchewan NS Condo in Nova Scotia NB Condo in New Brunswick NL Condo in Newfoundland and Labrador PE Condo in Prince Edward Island YT Condo in Yukon NT Condo in Northwest Territories NU Condo in Nunavut

Popular cities

Learn before you buy

Condo guides

All guides →

Home, condo & tenant 6 min read

Updated Oct 3, 2026

Does Home Insurance Cover Water Damage in Canada?

A standard Canadian home policy usually covers sudden, accidental water damage, but sewer backup, overland flooding and groundwater need optional coverage or are excluded. Here's how each type of water claim works.

Read guide arrow_forward

Home, condo & tenant 5 min read

Updated Oct 3, 2026

Condo Insurance Deductible Assessment, Explained

When your condo or strata corporation charges its master-policy deductible back to you, deductible-assessment coverage on your unit policy pays it. Here's how the two policies split the risk and how to choose a limit.

Read guide arrow_forward

Home, condo & tenant 10 min read

Updated Oct 3, 2026

Average Home Insurance Cost in Canada by Province and City

Instasure's model puts typical home insurance at about $92 to $154 a month across the provinces for one example house, as of October 2026. Here's the full province and city table, why Alberta tops it, and the changes that lower your own premium.

Read guide arrow_forward

support_agent Dedicated specialist desk

Condo desk

A condo specialist reads your corporation's declaration and master policy, sizes your improvements and deductible-assessment coverage, and checks the special rules for renting out a unit.

checkAn advisor who handles these requests every week
checkLicensed in your province
checkNo cost to you and no obligation to buy

phone_in_talk Call the condo desk+1 877 610 6554Monday to Friday, 9 a.m. to 6 p.m. ET

check_circle

Michael Le Chi, CFPCertified Financial Planner · Contributing author

Condo desk: request a call

A specialist licensed in your province calls you back, usually within 2 business hours.

First name Phone Email Province Best time to call Preferred language What should the specialist know? Yes, email me my quote summary, reminders and helpful insurance information from Instasure.ca. I can unsubscribe at any time.

We share your request with a licensed advisor in your province, as described in our privacy policy. Where we don't yet have a licensed advisor, you join the waitlist instead.

quiz Straight answers

Condo Insurance FAQ

policyHave a complaint about an insurer?

Start with the insurer’s complaint officer. Unresolved home, auto and business disputes can go to the General Insurance OmbudService; life and health disputes to the OmbudService for Life & Health Insurance.

What does condo insurance cover that the building policy does not?

expand_more

Your contents, upgrades to your unit, personal liability, additional living expenses and assessments charged back to owners. Ask your property manager for the corporation’s deductibles and standard unit definition, then size your coverage to match.

How much deductible assessment coverage should I carry?

expand_more

At least the corporation’s highest deductible that could be charged to you — water deductibles in some buildings are now tens of thousands of dollars.

Often considered together

keyTenant Insurance homeHome Insurance directions_carCar Insurance

Condo Insurance: Unit, Improvements & Deductible Assessment Coverage

Types of condo insurance in Canada

Contents

Improvements & betterments

Loss / deductible assessment

Liability

What affects your price

Your instant estimate

Condo Insurance by province

Popular cities

Condo guides

Does Home Insurance Cover Water Damage in Canada?

Condo Insurance Deductible Assessment, Explained

Average Home Insurance Cost in Canada by Province and City

Condo desk

Condo Insurance FAQ

What does condo insurance cover that the building policy does not?

How much deductible assessment coverage should I carry?

Often considered together