condo insurance in eastern ontario

Everything You Need to Know About Condo Insurance

Posted by on Feb 27, 2015 in Insurance Advice

Condominium life has its benefits, and moving into a condo is an appealing option for people at many different stages in their lives. From young professionals to downsizing boomers, there’s been a surge in interest in condos over the last few decades – particularly in urban centres such as Ottawa. After all, there’s no shoveling of snow, and no worries about lawn upkeep… for reasons like that, many people find it to be more convenient than owning a home. But before they make the leap, people who are moving into a condo unit should be aware that there are some differences between condo insurance and typical homeowner’s insurance. For the purposes of this article, we’ll be referring generally to lowrise or highrise apartment-style condo units, but the same principles can apply to any format of ownership with shared walls, such as a townhouse. Ottawa Condo Insurance Here’s a look at some of the basics:

Insuring Your Space

The biggest difference with insuring a condominium is that, unlike insuring a home, you’re obviously not responsible for ensuring the entire property of your building. Many condo owners have some degree of coverage under their condominium association but in most cases, that covers only the exterior and common areas of the building – hallways, elevators, the condo exterior and the like. So most likely, you’ll just be worrying about insuring everything inside the walls of your condo.


Like home ownership, you can be held liable if someone is injured or something happens in your condo. But as compared to home ownership, one of the unique concerns of condo ownership is that damage to your unit, such as fire or flooding, could potentially spread to another unit, leaving you on the hook for damages. That’s why, just like when you’re a tenant in an apartment building, liability coverage is a smart thing to have.

What You’re Covered For

Your condo insurance can be broken down into two main parts. Your contents are anything that’s your personal property. The structure is essentially anything that’s nailed down in the condo and was standard to the unit at the time of construction. If any of these ‘structure’ items were upgraded ( i.e. carpeting to hardwood, laminate countertop to granite) you are responsible to insure them; the corporation policy will not. Here’s a handy breakdown of examples:

Examples of content:

Examples of structure:

  • Furniture and Appliances
  • Area rugs
  • Electronics
  • Jewelry
  • Valuable artwork/collectibles
  • Flooring
  • Cabinetry
  • Countertops
  • Carpeting
  • Lighting
In general, some elements of the structure may be covered by your condominium corporation’s insurance, but it’s important to consult with an experienced insurance broker to ensure that there are no gaps in your condominium coverage.

Contact Your Trusted Ottawa Insurance Broker to Learn About Condo Insurance in Ottawa.

Our team of brokers at Oegema, Nicholson & Associates will work with you every step to personalize a policy that fits your needs. Taking your condominium corporation’s insurance into account, we’ll provide guidance to make sure that nothing falls through the cracks. We also offer varying coverage for unit improvements. Contact us for more information, or start today by getting an online Condo Insurance Quote. Thanks for reading, The ONA Team

Related Posts

"Just wanted to leave a message for your website that praises Nik Dore for being a constant example of always providing invaluable customer service. I never worry that my questions and concerns will be dismissed or that I am receiving less than constructive advice. Many thanks to him."
"I know all my insurance needs are covered with Oegema, Nicholson & Associates. I have been a loyal client for the last 15 years, and I can count of them for my commercial insurance, employee benefits, as well as my personal insurance and finances. Jeff Richer always goes above and beyond to help me with my insurance needs."
O-Omkar Atwal, Owner, Leitrim Home Hardware
"It’s always a pleasure to deal with Oegema, Nicholson & Associates, and I can depend on them for all my insurance needs. I have been a client for several years and whether it’s regarding my personal insurance, or anything to do with our employee benefits or commercial needs, I know I’m taken care of."
R-Rhonda, Capital Dodge
"I would like to thank Carol for everything she has done for me and my family over the years. It is my honest belief that we would not be in the position we are in if it was not for her guidance, expertise and honesty. We can't begin to thank her enough."
"ONA helps me with my personal insurance and my business insurance . They are my one stop shop when it comes to insurance and group benefits. I know I’m covered in all areas. Great friendly service and knowledgeable staff!"
J-James Carriveau, President, Exact Interlock and Exact Properties
"One call to Oegema, Nicholson Associates is all it took. After our basement flooded, within a day or two they had a crew cleaning everything up, taking down the drywall and itemizing everything to be cleaned, thrown out or restored. They had everything in place for us in a timely manner and were extremely patient with me as they talked me through the process and waited for me to make decisions."
J-Jennifer Parks, Stittsville, Ontario
"I’ve been dealing with ONA for over 20 years with my personal insurance, as well as our commercial insurance, and I know I can rely on them for great customer service, and prompt responses. I feel confident not only referring them to my employees, but to our customers as well."
C-Charlene Brunet, President, Dan Murphy Ford
Oegema, Nicholson Financial Inc.
1451 Woodroffe Avenue
Ottawa, Ontario K2G 1W1
5526 Manotick Main Street P.O. Box 149
Ottawa, Ontario K2G 1W1
154 Bridge Street P.O. Box 749
Almonte, Ontario K0A 1A0
243 Castor Street
Russell, Ontario K4R 1B8
3-3809 St. Joseph Blvd.
Orleans, Ontario K4A 0Z8
Request More Information