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What our users say:

Excellent
Based on 322 reviews
June 5
Awesome work
wow what an awesome rep. He did up everything, extremely fast and was very under...
Delroy Paul
May 26
Quick service
Quick service, good price
dl
May 22
Imad Harrouk was great !
Imad Harrouk was great ! intelligent well spoken professional polite a perso...
james bannon
May 21
Imad Harrouk helped me get the best…
Imad Harrouk helped me get the best home and auto bundle insurance quote. He was...
Amanda Moskowitz
May 20
Excellent !!! Very competitive rates !!
Excellent customer services also they have very competitive rates !!
Eliza Gallant
May 18
I was treated fairly and walked through…
I was treated fairly and walked through my purchase.I enjoyed the agent was exce...
paul neville
May 17
Highly Recommended !
I spoke with Mr. Imad Harrouk of DirectRate for quotes on my car and condo insur...
HL
May 14
Highly recommend
Great experience, simple to use and they gave me a lot of options at prices that...
Chandra Wilson
May 13
Amazing service
Amazing service, Sonia is patient and helpful. Can not complain. I am happy with...
Miroslav Adalbert Elias
May 12
Meghan Ford helped me and she was…
Meghan Ford helped me and she was amazing. I saved $160/month between home and a...
Bruce
May 11
Easy
Easy, clear and fast. Very effective.
Rene Izquierdo de la Cruz
May 6
Sonia was very helpful and nice…
Sonia was very helpful and nice throughout the whole process. She got me the bes...
Ali Al-Rubayee
May 6
I got a hassle-free quick quote from…
I got a hassle-free quick quote from good insurance companies. This site is very...
Sisil
May 6
Very friendly and professional
Very friendly and professional. She always try to help. Really appreciate.
Binod Shrestha
May 5
Imad was extremely helpful and patient…
Imad was extremely helpful and patient with all our requests. He listened to our...
Guy St-Pierre
May 5
He was so amazing
He was so amazing. He went out his way to help me. He deserves a raise Very po...
Shahin Abbaskhan
April 27
Great rates!
Ryan was very helpful and polite.He went all out to find me the best rate. He wa...
Linda Shelton
April 22
Wonderful experience!!!
My call started off with simple inquiries about the quote i recieved. I spoke wi...
emily murray
April 22
The service was excellent
The service was excellent. Emad provided awesome service for me.
John Bowden
April 19
Fast and professional customer service
Fast and professional customer service. All of my questions were answered and I...
P COSTANTINI
April 16
Chelsea was very helpful and a pleasant…
Chelsea was very helpful and a pleasant person to deal with.
Keith Tarala
April 16
simple quick and easy
simple, quick and easy
tony palumbo
April 16
Daina is very professional and very…
Daina is very professional and very helpful! Helped me find auto and home insura...
Mark
April 15
Amazing Service
Daina was amazing so quick and easy and explained everything so so well! I was ...
Tara Schaffner
March 30
You will be hard pressed to find an…
You will be hard pressed to find an online service as accurate, fast, and easy t...
Frederick Armentia
March 25
Searching lower rates for Auto and Home Insurance
I got a good response in looking and finding from several Insurance brokers and ...
Jose Mastromonaco
March 22
Thanks to Mr Imad Harrouk
Thanks to Mr. Imad Harrouk, he helped me get the lowest rate with the insurance ...
Virgo Baby

Get the best rates on condo insurance.

Protect your condo unit with a great condo insurance policy. We’ll bring you the cheapest rates on condo insurance from the top providers — just like that.

Why compare with LowestRates.ca?

Your home insurance questions, answered.

Why do I need condo insurance?

Your condo building is insured by the condominium corporation, but the corporation’s policy doesn’t cover damages in your unit. In the unwelcome event of a break-in, flood, or an injury in your unit, or in the event of vandalism or smoke damage, you'll be responsible for the resulting costs, whether it’s repairs, replacements, or legal liabilities.

That’s why condo insurance is a must for condo owners. Condo policies cover your personal property and the interior of your unit, plus they give you liability protection for bodily injury or property damage to others. With LowestRates.ca, you can compare condo insurance plans from Canada's top providers and find the right policy.

Why should I shop for condo insurance online?

Comparing quotes online leads to big savings. After all, condo insurance prices can vary from insurer to insurer, which is why you need to compare rates to get the best deal.

The good news is that comparing is easy. No matter what kind of condominium you own, we can find you the cheapest condo insurance rates in your area.

How do I compare quotes?

Just fill out the form at the top of this page and provide a few quick details about you and your place. Then we'll find you the cheapest condo insurance rates available.

Depending on where you live, you’ll receive up to 15 quotes. Once you select a quote, an insurance broker will call to lock in your rate and help you set up your policy.

Will I have to submit to a credit check?

A credit check is optional, but it can help you score the lowest rate on your condo insurance. Insurers may use credit checks to help set rates, and a good credit score can dramatically lower the price of your plan. In fact, you'll likely only find the cheapest condo insurance rates if you get a credit check.

And, thankfully, at LowestRates.ca, we only do one credit check per application, so your credit score will remain intact anyway. Condo owners who shop around on their own for an insurance plan will usually have to submit to multiple credit checks, which can harm their credit.

What does condo insurance not cover?

Standard condo policies don’t cover high-value items, like precious stones, rare art, and so on. If you want these items included in your coverage, ask to schedule them separately on your policy.

Should I select an all-perils or named perils condo insurance plan?

It depends on how broad you want your coverage to be.

All perils coverage protects your belongings against a wide range of hazards, and any coverage exclusions will be explicitly listed in your policy.

Named perils coverage only protects your belongings against the most common types of hazards, which will be clearly listed in your policy.

All perils condo insurance costs more but gives you a much broader range of coverage. If a major disaster damages your condo, you'll be able to fall back on your all perils plan, which will replace your belongings.

Should I select an actual cash value plan or a replacement cost plan?

That depends on how much you want your policy to pay out in the event of a claim. The difference between these two types of plans can be thousands of dollars.

An actual cash value (ACV) plan reimburses you for the value of the items you claimed at the time they were damaged. But ACV plans account for depreciation, so the amount you get from a successful claim most likely won't be enough to replace your damaged belongings. For example, if your old TV is stolen, your insurer only pays what they deem the TV to be worth at the time of the theft, which is probably less than what you paid — or what it'll cost to replace.

Replacement cost plans actually pay you back for the full replacement value of your lost or damaged belongings. For example, if someone breaks into your condo and steals your old TV, your insurance provider will pay for a new one of similar make (if available) and quality. With the right replacement cost plan, you’ll be able to replace all of your belongings in the event that your condo sustains major damage or is subject to a serious theft.

How much condo insurance coverage do I need?

The amount of condo insurance coverage you take out should reflect the value of your belongings plus any improvements you’ve made to the unit. Take inventory of your belongings and estimate the cost of replacing each item.

If you’ve renovated your unit or made any other betterments, like installing a new, state-of-the-art kitchen or adding more shelving, you should make note of those changes and their costs.

How can I have a hassle-free claims experience?

Take photos of your belongings when you get a condo insurance policy. A visual record of what your unit looks like inside and what you own can expedite the claims process. And if you’ve made improvements, like adding new appliances, cabinetry, or carpeting, you should document those changes.

It’s also a good idea to keep receipts for any of the upgrades you’ve made to your unit. Credit card statements work too. Make sure you know how to access your credit card history online and keep your paper receipts in a secure place, like in a safety deposit box.

Lisa Coxon

Lisa Coxon

About the Author

Lisa is an Editor and Writer for LowestRates.ca. Her work has appeared in Reader’s Digest, Toronto Life, Canadian Living and TVO. As a child, she diligently hoarded the $50 bills that fell out of her Christmas cards. Adult Lisa is working hard to resurrect those stockpiling tendencies.

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