CONDO HOME INSURANCE — WHAT OWNERS MUST KNOW

Condo insurance is often misunderstood because people assume the building’s policy protects their individual unit. It doesn’t. Your condo corporation’s insurance covers the structure — not your personal belongings, liability, or most unit-specific damage.

Here’s what condo owners need to understand before it becomes a problem 👇

1️⃣ Building coverage is NOT the same as unit coverage

Your condo building’s insurance protects the structure, common areas, and exterior — not what happens inside your unit.

✔️ damage caused by leaks from your own unit

✔️ damage from neighbours affecting your unit

✔️ theft, vandalism, or visitor-related damage

Your personal condo insurance fills the gaps the building’s policy does not cover.

2️⃣ Deductibles can be shockingly high

Strata/condo insurance policies often have large deductibles that must be paid before coverage begins.

✔️ deductibles can be tens of thousands of dollars

✔️ triggered by fires, floods, major building damage

✔️ owners may be responsible for the entire deductible

Many condo insurance policies include deductible coverage so you’re not paying that cost out of pocket.

3️⃣ You need liability protection for injuries and tenants

If someone gets injured inside your unit and you’re found liable, the building’s insurance does NOT protect you.

✔️ protects you if a tenant or guest is injured

✔️ essential for long-term visitors or renters

✔️ covers legal and medical liability

Personal liability coverage is one of the most important components of condo insurance.

💬 Final Thought

Condo insurance isn’t just optional protection — it’s essential. Your building’s policy only covers structural issues, while your unit, belongings, and liability exposure are your responsibility. The right policy can save you thousands and protect you from unexpected risks.

If you’d like us to connect you with a trusted insurance professional for a free review, message The Frontline Mortgage Group and we’ll point you in the right direction.