Condo and Townhouse Insurance

Buying Condo Insurance in BC

Condo Insurance is specifically designed for BC condo owners or owners who have stratified their duplex units and require contents coverage. Condo and townhouse owners have unique insurance needs, particularly compared to owners of detached homes. While the Strata covers damage to the building, it does not protect your possession inside your unit. As a result, Condo Insurance is designed to protect gaps that may exist in Strata corporation insurance policies and is generally quite simple to purchase.

What Does Condo Insurance Cover?

Personal Property

Protect the contents at your condo, such as your clothing, furniture, TV’s, laptops, pots and pans and anything else of value.

Additional Living Expenses

Cover some of the expenses, such as alternate accommodation, food, etc, in case you can’t live in your unit after a covered loss occurs.

Betterments and Improvements

Protect any of the unit improvements as well as materials and supplies being used to conduct the upgrades to your unit.

Liability Coverage

Protect you financially if you accidentally cause bodily injury or property damage to others inside your unit or anywhere in the world.

Loss Assessment

Help pay your share (up to policy limit) should there be a loss not covered by the Strata Insurance policy.

How much does condo insurance cost in BC?

One major benefit of condo insurance is that it is generally inexpensive to purchase. Despite condo insurance rates in Vancouver being on the rise recently, the annual cost of a typical condo insurance policy in Vancouver does not have to set you back more than$400-$500/year, depending on the insurance coverage you select.

More than anything, however, for those who own or are looking to buy a condo in Metro Vancouver, or other parts of the province, it is important to find a condo insurance policy that fits the unique needs of both your individual unit as well as the strata corporation.

Be forewarned that it is not always about the lowest rate when it comes to reviewing insurance quotes. Make sure your insurance company provides coverage for the areas you need, whether that’s a certain type of replacement cost coverage or special coverage to protect you from possible water damage.

Our Online Condo Coverage Details

Our online condo insurance policy offers a comprehensive all-inclusive insurance offering specifically for our BC customers. It features a series of industry-leading coverages, elevated coverage limits, and it’s backed by superior, locally operated claims service. We have featured some of the key components of our online condo policy below:

Coverage Type

Limit of Coverage

All-Inclusive Condo Protection

Up to $1 million including:

- Improvements & Betterments

- Contingent Coverage

- Loss Assessment Coverage for Property

Personal Contents

$30,000 to $150,000

Personal Liability

Up to $2,000,000

Additional Living Expenses

200% of Contents Limit Selected

Condo Deductible Protection for Property

Up to $75,000

Loss Assessment Liability

Included – Per liability limit

Condo Deductible Protection for Liability

Up to $50,000

Sewer Back-up

Up to Contents Limit Selected – If eligible

Identity Theft


Jewellery, Waters, Gems


And More!

– Coverages subject to eligibility and may change at any time.

Enhance Your Coverage with Optional Add-Ons & Customizations

Water protection

This coverage provides broader water damage protection in the case of loss or damage caused by and happening at the same time as surface water, groundwater or sewer back up event. The coverage limits are the same as those available for Sewer Backup but may not be available to all BC residents, and is subject to the policy deductible.


Earthquakes are common in BC, with an average of 3,000 reported each year. To cover any damage caused to your home as a direct result of a seismic event, you can add earthquake coverage to your homeowners insurance policy.

Other Customizations

In addition to a number of important add-ons, our online Homeowners policy provides you with a number of flexible and customizable coverage options. For example, you can select your policy deductible, home deductible protection limit, personal property limit, and even schedule special items such as jewelry, bicycles, and other items.