Protecting your condo investment starts with the right insurance coverage. At Morison Insurance, our dedicated brokers compare quotes from dozens of Canada's leading insurers to find customized coverage at competitive rates.
|
City |
Approx. Annual Premium |
|
Hamilton |
$500–$1,100 |
|
Hagersville |
$500–$1,100 |
|
Oakville |
$500–$1,100 |
|
Ottawa |
$500–$1,200 |
|
Port Dover |
$500–$1,100 |
|
Simcoe |
$500–$1,100 |
|
St. Catharines |
$500–$1,100 |
|
Tillsonburg |
$500–$1,100 |
|
Toronto |
$550–$1,200 |
Tell us about your insurance needs and current coverage.
We shop multiple trusted insurers to find coverage that fits your needs and budget.
Review your options, choose what fits your needs, and get your policy started, often the same day.
Serving all of Ontario, our brokers are available in every region. Find the closest office to you.
Don’t see your city? Call us to find
the nearest broker to you
Our licensed brokers help clients throughout Ontario — virtually, by phone, or in person.
What Affects Condo Insurance Prices?
Your premium depends on multiple factors: location, building age, coverage amount, deductible, security features, claims history, and available discounts. Bundling policies, installing security systems, and choosing higher deductibles can reduce costs.
Does Condo Insurance Cover My Furniture and Electronics?
Yes, your Ontario condo insurance policy covers personal belongings including furniture, electronics, clothing, and other items. Consider creating a home inventory and ensure your coverage limits adequately reflect the replacement value of your possessions.
What Is Condo Insurance in Ontario?
Protects unit, belongings, unit improvements, liability; distinct from condo corp master policy which covers building and common areas.
Do I Need Condo Insurance in Ontario?
Not legally required but essential; mortgage lenders require it; provides peace of mind and financial protection.
Is Insurance Purchased by My Condo Corporation Enough?
No; master policy covers building/common areas only, not personal unit, belongings, improvements, or liability.
What Is a Special Assessment in Condo Insurance?
Condo board charges unit owners for major repairs not fully covered by master policy; loss assessment coverage protects from these unexpected costs.
How Much Condo Insurance Do I Need?
Cover value of belongings, unit improvements, and at least $2M liability; replacement cost of contents + renovations; consult a broker.
What Doesn't Condo Insurance Cover?
Wear and tear; certain water damage (policy dependent); business use (unless endorsed); intentional acts or criminal activity; war or civil unrest.
