Insurance for condo owners

Whether it's a high-rise building or a low-rise property, make sure your condo unit is adequately protected. You can get condo insurance online with Panda7 in just a few clicks. Get customized coverage, in language you can understand, at a competitive price and do it all online. We’ve simplified condo insurance, so you can carry on with your day and focus on what you love

  • belongingsYour belongings

    We cover your personal belongings if they’re stolen, damaged or lost. If you have more expensive items like jewelry or antiques, you should contact us to insure their full value

  • living expensesLiving expenses

    Helps cover expenses like a hotel room, food, storage costs and more if you can’t live in your condo while repairs are being made after an insured loss

  • liabilityYour liability

    Helps to protect you financially if you or your family accidentally cause property damage or bodily injury to others while inside your condo or anywhere in the world

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Why Clients Are Choosing Panda7


Alexis Terriault

One of the only if not the only insurance brokerage firm dedicated to sustainable development. One of the only insurance brokerage firm committed to sustainable development.


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Courteous and professional agent. Quick quotes that met our needs.


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I enjoyed my experience with Panda7. It's easy to get a good price for the insurance that's right for us. I'm satisfied.

Condo FAQ

Condo insurance is insurance you purchase that offers coverage to mend the gaps and exposures that the condominium association master policy may leave. While it depends on the amount of coverage you purchase and what the master policy already protects, your average condo policy may include coverage for your utilities and appliances, the interior walls of your individual unit, and your personal property. In addition to this, your condo insurance also protects your personal liability, in the event you are responsible for someone else’s injury or property damage.

Condo insurance is important because many condo owners assume their condo association’s master policy will cover them. This is true to some extent, but it leaves out some features of your personal unit, your amenities and possessions, and your personal liability. Without condo insurance, you may be left to pay for these items solo.

Your condominium association has a master policy that may cover every original appliance, system (wiring, plumbing) and original furniture in your personal unit as well as common areas, or the “bare minimum” which does not include anything within your walls but covers common areas and the condo association’s liability. You may choose to review your condo’s master policy to ensure that the condo insurance you purchase will cover anything that this policy does not.
That should include:
• Your personal unit, if your condo’s master policy omits this
• Your valuables and possessions
• Your personal liability
Basically, you will want your condo insurance to cover the gaps left by the condo association master policy. You can enlist the help of a broker to ensure this is done properly.

Your condo insurance will include coverage for your personal belongings up until a stated limit. It doesn’t hurt to take an inventory of everything you own to assess if your coverage is enough. You can purchase a rider or insurance “floater” (as it’s sometimes referred to in the insurance sphere) to include your valuable possessions or expensive collectibles if your existing coverage is not enough to cover them. You may want to request the help of your insurance broker to review your needs and help you choose the most suitable plan for your requirements.

Your condo association master policy can be one of two types: it can cover the appliances and fixtures in your condo, carpeting or flooring, plumbing, but exclude your personal property. This is sometimes referred to as an “all-inclusive” master policy. Or, your condo association master policy can be a “bare walls” master policy, which means it will not cover anything within your walls. This can sometimes include your condo’s systems, but sometimes it won’t. No matter which type your condo association master policy falls under, it will include coverage to common areas and the condo association’s liability.

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