Condo Insurance

What is condo insurance?

Condo insurance is a home insurance product which provides coverage for the inside of your condominium. Allstate condo insurance protects against liability claims and property damage. It also provides coverage for your personal belongings and any improvements you make to the unit you own. At Allstate, we can provide you with advice to help you get the best condo insurance for you.

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Do I need condo insurance, or does my condominium corporation cover my condo unit?

Condo owners insurance may not be mandatory by law. However, most banks and mortgage lenders require proof of home insurance before advancing a mortgage. Also, your condo association may require you to have proof of condo coverage before moving in.

Your condominium corporation will have insurance for the building and common areas, like elevators or the front lobby. However, many people are unaware that condominium corporation insurance coverage is limited. It does not include your personal belongings, upgrades to your unit, or legal liability to others. If the unexpected happens, you could be liable for:

  • damage caused to common areas or other units, where the damage originated in the insurer’s unit, e.g. water damage to a neighbouring condo
  • expenses related to theft or damage in your condo unit
  • paying for expenses related to someone being injured while on your property 

What is a “shared common area” in a condo?

Your condo corporation’s contract outlines the common areas of your condo complex. These include areas outside the unit you live in, like the lobby, parking lot, pool and recreational facilities. Refer to your condo corporation contract or call them for further details.

What is liability coverage?

Liability coverage is important to have as part of your condominium unit owners insurance. It provides coverage when someone (not living with you) is injured while on your property.

What is personal property protection?

Personal Property Protection covers your personal belongings if they’re stolen, damaged or lost. These personal items include clothing, electronics, books, furniture, appliances, and the list goes on! If you have more expensive items like jewelry, high-end electronics and antiques, you should look into getting extended coverage to insure their full value.

How much Personal Property Protection coverage do I need?

While thinking about what coverage limit is best for you, check out Allstate’s home inventory. This could be a big help in getting your life back to normal in the event your property is stolen or damaged.

Do condos need flood insurance?

Water damage is a leading threat not just to homeowners but condominium dwellers as well. Threats to your property can come from burst pipes, leaking appliances, and other types of fresh water flooding. Allstate’s base policy water coverage is included in your Allstate condo policy.

You can also add additional coverage with Allstate’s water protection endorsements to ensure you have the right coverage to suit your needs (for qualifying customers):

What does condo insurance policy cover?

Allstate understand that condo homeowners have unique insurance needs. That’s why we offer a range of insurance options for condo dwellers across Canada.

Single Limit Insurance

The following coverages have a single limit of insurance:

Additions and Alterations

Covers upgrades (e.g. built-in sound systems, custom counters) to your unit that might not be considered part of the standard condo unit by your condo corporation.

Unit Contingent Coverage

Provides additional coverage to your unit 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 condo 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 Coverage

Condo insurance policy provides personal liability coverage when someone not living with you is injured while on your property. Bodily injury liability coverage can help save you from legal and/or medical expenses that may follow, if you are found at fault.

Personal Property Protection

This covers your personal belongings (depending on the value) if they're stolen, damaged or lost. Expensive belongings such as jewelry, furs, and antiques may require extended coverage to cover their full value. It’s a good idea to keep an inventory of all your personal belongings.

Your Condo coverage options

Designed with condos in mind, Your Choice Home condominium insurance includes condo unit coverage, personal belongings and liability coverage as well as insuring your property against:

  • Fire

  • Lightning

  • Smoke

  • Explosion

  • Wind and Hail

  • Theft

  • Water Damage

  • Riot

  • Falling objects

  • Vandalism

  • Malicious Acts


Choosing your condominium coverage package:

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


  • Covers contents for “named perils" (subject to exclusions specified in the policy)
  • Optional replacement cost (replaces contents with items of similar value, without depreciation.)
  • Claim-free discount*


Allstate agents are always ready to answer your insurance questions and guide you through your coverage options.

Get a condo insurance quote now.

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Terms and conditions apply. Coverage, perils, discounts, and availability may vary by region. 

*Discount calculated based on prior term’s total written (paid) premium. ** Rates will not be increased or surcharged if insured submits no more than one claim every 5 years. *** Claim Forgiveness does not protect your Disappearing Deductible. This contains information about coverage offered by Allstate but does not list all of the conditions and exclusions which apply to the coverage described. The wording of the actual policy and local law will govern. For more information on coverage, perils, discounts and availability, please contact your local agency or 1-800-allstate.