Condo Insurance

Similar to home insurance, condo insurance is designed to address the unique needs of condominium owners. Oegema Nicholson & Associates has generations of experience helping Canadians connect with the most valuable condo insurance policies on the market. We understand that shopping around on your own can be overwhelming. That’s why our team of licensed professionals are committed to helping you source the best coverage in the industry. And by representing your best interests, this means we work for you — not the insurance provider. Because owning a condo is different from traditional home ownership, you may be confused as to which areas fall under your jurisdiction and that of the condo association. Here’s our helpful guide on everything you need to know about condo insurance, so you can make an informed decision when choosing your policy.

What is condo insurance?

Condo insurance provides coverage for the inside of your suite. Policies will not address damage that takes place outside the unit. That’s because these external areas are the responsibility of the condominium association. As an owner, your condo insurance policy will typically take care of the following:
  • Your personal belongings
  • Interior walls
  • Appliances
Should someone become injured while inside your unit, condo insurance will also provide liability coverage. Any damage to heating systems, ventilation units or electrical wiring are often taken care of by the building association’s master policy.

How do I know how much coverage is needed?

With condo insurance, you’ll want to make sure you’re not doubling up on coverage. For example, there’s no point in paying extra to cover water damage to your carpets if your building already has a master policy to address that particular peril. Before committing to an insurance provider, understand what’s covered under your condo’s master policy. A building association’s master policy can be one of two types:
  • All-in: This master policy addresses the fixtures in your unit such as plumbing, wiring and appliances. But it will not cover your personal belongings.
  • Bare walls-in: This master policy does not cover anything contained inside your unit. It does not insure the fixtures, carpets or paint on the walls. Some policies may not cover your electrical or plumbing systems either.
If you live in a condo with a bare walls-in policy, you’ll likely need to purchase more insurance to cover your bases. That’s why it’s best to review your building’s master policy carefully to determine which areas your personal policy should address. Our friendly team at Oegema Nicholson can help you acquire the right amount of coverage based on your condo association’s existing plan.

Under which policy would I file a claim?

Because your condominium is essentially protected under two insurance policies, the location in which the loss occurred will often dictate where the claim is filed. If a thief entered your unit and stole your personal belongings, you’d file a claim with your insurance firm. But if the burglar destroyed an external doorway while trying to get into your suite, your condo’s master policy would likely cover the loss instead. When it doubt, it’s best to consult with your insurance advisor. At Oegema Nicholson, our services don’t just end once you commit to an insurance policy. We stand by our clients and advocate for them throughout the entire claims process.

Do I need additional coverage if I’m renting out my condo?

If your unit is being occupied by a tenant, it’s a good idea to obtain condo insurance that addresses a rental situation. Your existing policy may not cover damages caused by an occupant. Speak to an advisor at Oegema Nicholson to learn more about additional coverage options for landlords. It’s also possible to protect your rental income. Should your unit become unfit for occupancy, our brokerage can offer coverage for Fair Rental Value and Additional Living Expenses.

Why trust Oegema Nicholson?

With six office locations in eastern Ontario and western Quebec, Oegema Nicholson is well-equipped to offer you the best customer service in the region. Our mission is to connect Canadians with high-quality insurance products at affordable rates. Whether you’re seeking basic condo insurance or advanced coverage for family heirlooms, rely on our expertise to protect your most valuable assets. For more information on condo insurance, call us at 613-224-1455 or contact us here.

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"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."
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"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
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T-Tim
"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
Saul Mendoza (Salty)
Saul Mendoza (Salty)
2023-06-02
My broker Bill C. from ONA has helped me over the years now with my vehicle insurance. He is very cautious and detail oriented when processing documentation, and ensures I understand everything whenever there are any changes. He recently helped me cut my premium almost in half just by improving my record and shopping around at the appropriate time. I am grateful to him and the team for being there for me when I need them.
RMP Tutoring
RMP Tutoring
2022-05-14
I was assisted recently by Greg, who did a wonderful job in not only answering all of my questions and helping me to review pre-existing insurance plans, as well as advising me to look into my credit card/group insurance before needlessly purchasing more. This to me speaks highly of the character of the employee and business of a whole, and it is certainly the one I will be going to for any future needs.
Bobby SHARKS
Bobby SHARKS
2022-05-02
They get back to you fast an excellent insurance agent
lise sevigny
lise sevigny
2022-03-07
Have been with Oegema for over 30 yrs. Always great service!
Jamie C
Jamie C
2022-01-10
Friendly, knowledgeable and professional. They take care of all my insurance needs. Commercial, Home and Auto.
Bob Bent
Bob Bent
2022-01-10
Great service on both commercial and personal lines.
Jennifer Bardwell
Jennifer Bardwell
2021-06-04
I purchased commercial insurance with this company. Very professional service throughout, and a good price on the policy. Would highly recommend!
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Oegema, Nicholson Financial Inc.
1453 WOODROFFE AVENUE
613-686-6338
Ottawa
1451 Woodroffe Avenue
Ottawa, Ontario K2G 1W1
Manotick
5526 Manotick Main Street P.O. Box 149
Ottawa, Ontario K2G 1W1
Almonte
154 Bridge Street P.O. Box 749
Almonte, Ontario K0A 1A0
Russell
243 Castor Street
Russell, Ontario K4R 1B8
Orleans
3-3809 St. Joseph Blvd.
Orleans, Ontario K4A 0Z8
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