Your personal condo is one of the most important life purchases you’ll ever make. Make sure your condo unit is protected with insurance coverage created specifically for condo owners. Our goal is to help give you peace of mind knowing that your condo unit is covered.
Choose the right coverage
Enjoy standard coverage features and choose from optional types of condo insurance coverage.
Available discounts
- Combining your auto and condo insurance policies with us
- Being claims-free
Standard coverage
- The contents of your unit
- Upgrades to your unit, such as new flooring
- Personal liability of at least $1 million
Optional coverages
Need enhanced condo coverage? Customize your policy to meet your personal needs with these coverage add-ons.
The availability of these condo insurance policy add-ons varies by province. To learn more about these policy options contact your insurance representative.
Water Protection
Get additional protection for your unit with sewer back-up and overland water coverage.
Earthquake Insurance
Earthquake add-on coverage options to help you protect your personal belongings.
Claim Protector
Keep your claims-free discount after your first insurance claim.
Disappearing Deductible
Reduce your deductible every consecutive year you’re claims-free.
Cyber insurance for your household
Defend against digital risks with a full range of services to protect you and your family from potential cyber vulnerabilities.
Combine and Save
Enjoy the added convenience of aligned renewal dates and receive your insurance policies in a single envelope when you combine your auto and condo insurance policies. You’ll also enjoy extra insurance savings.
The condominium insurance you need
With Aviva's condo insurance, you'll get:
Is your rental property protected?
Coverage for a rented condo*
You invested your hard-earned money in a rental condo. Make sure it’s protected with the right condo coverage.
*To qualify for insurance coverage on rental properties, your primary residence must also be insured with Aviva.
Condo insurance FAQ
Is condo insurance mandatory in Canada?
Condo insurance isn’t mandatory in Canada. However, the condominium corporation may require you to have condo insurance as part of the contract. Similarly, most banks and mortgage lenders will likely require you to have condo insurance as part of your mortgage agreement.
Your condo unit may be one of the most significant purchases you’ll ever make. Condo insurance can help protect what matters most in the event something happens and give peace of mind.
How much does condo insurance cost?
Insurance companies consider a variety of factors to calculate the cost of your condo insurance, including:
- The coverage you need and the deductible(s) you choose
- Property location
- Age of your building
- Type of your building (i.e., low-rise, high-rise, row, townhouse)
- Construction material (i.e., brick, stucco, wood, etc.)
- Type of electrical and heating system
- Proximity to a fire hydrant or fire station
How can I save on my condo insurance?
There are a few ways you could save on condo insurance:
- Combine your condo and car insurance
- Review your policy yearly to take advantage of available discounts
- Increase your deductible
- Maintain a claims-free record
Routine home inspection and maintenance can increase safety, which may help you save on insurance by remaining claims-free.
There are various discounts available for condo insurance policies that will be applied based on the information you provide.
What does condo insurance cover?
Unlike house insurance, condo insurance helps cover damage or loss for the inside of your unit as well as personal belongings. It also helps cover personal liability claims and may also cover additional living expenses, such as a hotel or other rented accommodations if you can’t live in your unit while it’s getting repaired due to a covered claim.
When choosing a condo insurance policy, think about your level of risk and determine your specific coverage needs. You’ll also want to make sure your coverage helps cover any gaps from the condominium corporation’s master insurance policy.
Other things to consider are your personal possessions. If you have costly jewellery or artwork that has a higher risk of theft and is more expensive to replace, you may want to consider buying additional coverage for your condo insurance policy.
Beyond your property, personal belongings and liability, there may be more coverage options based on the information you provide.
Why do I need condo insurance if the condo corporation already has insurance coverage?
Condominium corporations typically have a master insurance policy that covers the outside structure of the building and common areas, it doesn’t cover damage or loss to contents inside your unit, personal belongings and liability. Buying condo insurance helps cover this gap and more – giving you peace of mind.
Do I need a condo or a house insurance policy for my townhouse?
You’ll need a condo insurance policy if your townhouse is part of a condo corporation, meaning you’re not responsible for any damage or replacement to the outside of the townhouse (i.e., roof, windows, steps to the door etc.). If you’re responsible for these types of damages, then you would need a house insurance policy. Speak to your insurance representative to find the best option for you.
Insurance brokers, the right choice for you
Get expertise for your condominium insurance needs from coverage to claims support, and discounts.
The content on this page is for information purposes only. The insurance products described herein are subject to eligibility, terms, conditions, restrictions and exclusions, which are outlined in our final policy wording. Please speak with your Aviva insurance representative if you would like to learn more. Availability and pricing vary by province. Certain terms and conditions apply. Please contact your insurance representative for more information.