We understand the unique needs of condo owners in Ontario and are here to provide the coverage you need.
Comprehensive Coverage for Your Condo
Our Condo Insurance solutions deliver security, ensuring your condo and its contents are well-protected. Whether you're embarking on your first condo purchase or are an experienced owner, our team of experts is here to simplify the insurance selection process, offering guidance at every step.
Coverage Highlights
Personal Property Protection
Shield your most treasured possessions, from jewelry to electronics, with comprehensive coverage. If theft or damage occurs, items are replaced for worry-free living.
Liability Coverage
This essential protection ensures you're financially secure if an accident occurs in your condo. Medical and legal expenses are covered if someone is injured on your property, providing peace of mind for you and your guests.
Additional Living Expenses
In the face of unexpected disasters, like fire or flooding, this coverage ensures you have a comfortable place to stay. It covers temporary accommodation, dining, and other expenses while restoring your condo.
Loss Assessment Coverage
Condo associations may levy assessments to cover shared property damage or legal expenses—our coverage steps in, saving you from unexpected financial burdens. You can maintain your budget and peace of mind.
Special Coverage for Upgrades
Your condo is uniquely yours, and any improvements you've made are necessary. Our tailored coverage protects these enhancements, from custom cabinets to upgraded appliances. Your investment is secure, and you can continue enjoying your upgraded living space.
Beyond Condo Insurance
Our Condo Insurance extends beyond mere coverage; it's a commitment to trust and security. We're not just your insurance provider but your dedicated partner in safeguarding your condominium.
At PetleyHare, we protect your condo and ensure your complete satisfaction. Contact us today for a personalized Condo Insurance plan that perfectly aligns with your unique needs. Your paradise deserves the best protection.
Ontario Condo Insurance FAQs
Have questions about condo insurance? You’re not alone! That’s why we’ve compiled a list of questions to help you better understand all the ins and outs.
Do I need Condo Insurance if my condo association has a master policy?
Condo Insurance is essential even if your condo association has a master policy. The master policy typically covers common areas but may not protect your personal belongings or provide liability coverage. Condo Insurance fills these gaps, offering you the protection you need.
How much Condo Insurance do I need?
The amount of Condo Insurance you require depends on the value of your condo and the extent of your possessions. Our brokers will work with you to determine the right coverage level, ensuring your condo and belongings are adequately protected without overpaying.
What's the difference between Condo Insurance and Home Insurance?
Condo Insurance is tailored to the unique needs of condo owners. It focuses on the interior of your unit, including your personal belongings and liability coverage. Home Insurance, on the other hand, provides coverage for an entire house and its surrounding property, typically needed for homeowners, not condo owners.
Can I save on Condo Insurance?
Absolutely. You can reduce your Condo Insurance costs by bundling it with other insurance policies, like auto or renters insurance, to enjoy a multi-policy discount. Additionally, making security improvements to your condo, such as installing smoke alarms or a security system, can lower your premiums.
What should I do in case of a claim?
In the event of a claim, contact us immediately. We’re here to assist you throughout the claims process, ensuring it’s as smooth and stress-free as possible. Our experienced team will guide you, helping you quickly get back on your feet.
What does condo insurance cover?
Condo insurance typically covers personal property, liability, and improvements made to the unit. It may also include loss assessment coverage for shared areas and additional living expenses if the unit becomes uninhabitable.
Is condo insurance mandatory in Ontario?
While not legally required, condo insurance is often mandated by condo associations in Ontario. It protects personal belongings and liability, complementing the building’s master insurance policy.
How much does condo insurance cost in Ontario?
The cost of condo insurance in Ontario varies based on factors like location, coverage limits, and deductible choices. On average, premiums range from $20 to $50 per month.
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