Quality Coverage for Your Condo

Condo owners have unique insurance needs, and if you are a new condo owner, you probably have questions. Allstate is here to help you with you any questions that you may have when insuring your condo.

Why do I need condo insurance?

Your condominium corporation will have insurance for the building and common areas, like elevators or the front lobby. So, make sure you have the right personal condo insurance to help protect your valuable personal belongings, parts of your unit not covered by the condo corporation’s insurance, and to protect you against liability if you unintentionally cause property damage or bodily injury to others.

What's covered in Allstate’s condo insurance policy?

When choosing the right coverage for your condo and personal belongings, it’s important to know what it would cost you to repair your unit and to replace everything you currently own in your unit.

  • Additions and Alterations
    Covers upgrades (e.g. built-in sound systems, custom counters) to your unit that may exceed standard condominium corporation insurance limits.
  • Personal Property Protection
    Condo insurance may also provide coverage for your personal belongings (depending on the value) if they're stolen, damaged or lost. Keep a home inventory with our FREE online tool, myLocker which is exclusive to existing myAllstate customers.
  • Unit Contingent Coverage
    Insures your unit so that you are protected if your condominium corporation’s insurance is insufficient.
  • Loss Assessment Coverage
    Provides coverage (up to a stated limit) to cover major property and liability losses for common condominium elements (e.g. swimming pool, laundry room, fitness room) when a special assessment is levied against you and other unit holders. Provides protection in the event you are assessed a portion of a loss due to the condo corporation’s deductible.
  • Liability
    A condo insurance policy provides liability coverage when someone not living with you is injured while on your property. Whether that injury happens to be a fall or a trip inside your condo, bodily injury liability coverage can help save you from legal and/or medical expenses that may follow, if you are found at fault.

It’s a good idea to keep a home inventory list of all of your personal belongings, room by room. Expensive possessions like jewelry, furs, and antiques may require extended coverage to cover their full value.  Have a myAllstate account? Sign up to myLocker, our FREE home inventory tool that will help your organize your personal belongings.

What coverage options are available?

VIP Package Basic Coverage


  • All risk for contents (subject to exclusions specified in the policy)
  • Replacement cost (replaces contents with items of similar value, without depreciation)


  • Claim Forgiveness*
  • Disappearing Deductible**
  • One free personalized option


This feature is only available in Quebec.

  • Covers contents for “named perils" (subject to exclusions specified in the policy)
  • Replacement cost (replaces contents with items of similar value, without depreciation.)

Allstate’s Top 5 condo insurance tips!

  1. Increase your safety by installing monitored security and surveillance systems. This can also help you save on your premium.
  2. Combine your auto and condo policy to help you save on both policies.
  3. Consider a Personal Floater Article for jewellery that may exceed your personal property coverage. Talk to your local Allstate agent today to find out more.
  4. Understand your rights and responsibilities as a condo owner. Review your condo corporation’s declaration to understand what is considered a common element and what isn’t.
  5. Keep an updated inventory of your belongings in case you need to submit a claim. Are you an existing myAllstate customer? Try our FREE myLocker tool which helps you keep a log of your inventory.

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How can I get a property insurance quote?

Click this button to call allstateClick here to get your free property insurance quoteClick here to find your closest agency. This link opens in a new window.