FAQ About Panda7 Auto & Home Insurance

Claims

Who do I contact in the event of a claim or emergency?

In the event of an emergency or to report a claim, we encourage you to contact your insurer first via their 24/7 claims hotline below. Pro tip: you might want to store this number on your phone too.

• Intact insurance  1-866-464-2424
• Economical insurance  1-888-875-8088
• Aviva insurance  1-866-692-8482
• Pafco insurance  1-877-463-2727
• Wawanesa insurance  1-844-929-2637

FAQ About Auto Insurance

What is a car insurance quote?

Since there are many different insurance companies offering varying car insurance rates, it can be difficult to know which policy to purchase. A car insurance quote gives you a summary of the price of the policy as well as what is included in the policy (i.e., type of coverage, exclusions). With Panda7, you can compare multiple car insurance quotes, then make the best pick for your individual needs!

Why get car insurance?

This is a simple one – in Québec, you must have a basic auto insurance policy to be legally driving! This basic and mandatory coverage is provided by the SAAQ. The mandatory coverage covers all drivers, and is intended to pay for bodily harm (i.e., injury) that occurs from an accident. Beyond the mandatory coverage, there are private car insurance markets – in some parts of Canada, these are optional, but in Québec they are mandatory as well. With Panda7, you can browse and compare quotes from multiple insurers to find yourself the best car insurance in Canada!

Which insurers does Panda7 work with?

Panda7 is proud to work with the best car insurance companies in Canada! There's no such thing as one best car insurance company, since every company can offer you a different range of benefits. Primarily, Panda7 works with Aviva, Economical, Intact, Pafco, and Wawanesa, among other Québec car insurance companies. With Panda7, you can compare multiple auto insurance quotes so that you can find the best car insurance coverage for your personal situation. If you're looking for cheaper car insurance, then Panda7 is the right place to start!

How many auto insurance quotes can I get from Panda7?

Panda7 can generate up to 7 auto insurance quotes from various insurers. This number is dependent on the vehicle you would like to get insured, as well as your driver risk profile. Luckily for you, Panda7 is constantly working to expand and grow our business, and we're hoping to be able to provide you with more insurers and more choices for you to find the best car insurance cost and policy possible!

How long are my quotes valid for after I receive them from Panda7?

From the moment you get your auto insurance quotes from Panda7, you can rest assured that these rates are protected for 15 days. You can use that time to see if you can find a better auto insurance rate somewhere else, but to be honest, we're pretty confident that you'll come back to us! Get quotes from multiple providers with Panda7, compare car insurance quotes, and still have time to shop around for a better deal elsewhere! It doesn't get much better than that.

Can I get a quote for auto insurance if I live outside of Québec?

At the moment, Panda7 auto insurance quotes are only for residents of Quebec. However, auto insurance policies will cover drivers who drive outside of Quebec.

What do I need to start getting car insurance quotes with Panda7?

So, you're in the market for car insurance. Quebec car insurance is made easy by working with Panda7! To get started comparing quotes from multiple car insurance companies, you'll need the following:

• A device that connects to the internet, such as a laptop or desktop computer, a tablet, or a smartphone
• A mobile phone number to receive an SMS text message authentication code
• A valid driver's license
• Your vehicle's registration information
• A credit card to complete your purchase easily online
• Maximum 10 minutes of your time!

How long does it take to buy a car insurance policy with Panda7?

With Panda7, you can get Quebec auto insurance coverage in a matter of minutes. The lowest car insurance rates live here! The typical Panda7 user will only need 7 minutes of their time to get an insurance policy (i.e., single-car, single-driver). All in all, you can expect to have your ideal car insurance policy done in under 10 minutes!

Why do I see multiple quotes from the same insurer?

You might see different quotes from the same insurance company, and that's completely normal. You see, a insurance company may be running various programs, and you might qualify for one or more of those programs. In these instances, it's important to compare the various offers from these companies and determine the best choice for your needs.

How long are Panda7 policies valid for?

When you purchase an insurance policy through Panda7, it will remain valid for 12 months following the designated start date.

My current auto insurance coverage policy doesn’t expire until a few months from now. How soon can I start shopping on Panda7?

You can start shopping for car insurance in Quebec even if your current policy doesn't expire for a few months. If you're looking for cheap car insurance, you won't be able to wait until the last minute to find an impressive car insurance quote. Compare car insurance quotes with Panda7 and, if you find something you like, you can commit to the new policy before your current one is finished. Just activate your new insurance coverage policy within 90 days of purchase. As long as you don't leave a period of time where you are driving without insurance coverage, you should be good. Get the best car insurance quote you've ever seen right now, only with Panda7!

My current car insurance policy is not yet finished. Can I choose the start date of my policy with Panda7?

Yes, absolutely! You can get yourself a new insurance policy with Panda7 and activate it anytime within 90 days. Importantly, you will only be billed once your policy is activated. Also, make sure you don't leave a gap in your insurance between your old policy and your new policy! With Panda7, you have so much freedom to find the best policy that fits your situation.

Can I use Panda7 to add supplementary coverage to my existing insurance policy?

You can always update your auto insurance policy, as long as you obtained it originally through Panda7. Just get in touch with us and we can make any necessary changes to your policy as quickly and easily as possible.

Where can I find my driver's license number?

Getting car insurance in Canada means you'll need access to important information about your car, and about yourself as a driver. Your driver's license number is a key piece of information needed to apply for car insurance, and you can find it either on your driver's license or on your vehicle's registration. In Québec, a driver's license number is 13 characters long and begins with the first character of your family name.

Why is the age when I obtained my license important?

Having more than 5 years of driving is important for insurance companies, since they tend to make an association between years driving and safe driving – the longer you've been driving, the more safe you're generally considered to be. If you have more than 5 years of driving, you'll probably save a bit on your car insurance compared to your rates if you were a brand new driver.

Can I get insurance quotes from Panda7 if I don't have a driver's license?

You can definitely get quotes from Panda7 without a driver's license. However, you'll need a valid driver's license to purchase an auto insurance policy.

What happens if I've had my license suspended in the last 3 years?

It's not the end of the world, but some insurance companies might want to take a bit of a closer look at your file before proceeding. Always be honest when applying for auto insurance, as a false declaration could lead to future claims for insurance being denied.

What address do I need to use to get auto insurance?

You'll need to keep things consistent and use the same address that's listed on your driver's license. Ensure you are updating your address with SAAQ if you've moved recently, and be sure to have a temporary driver's license paper ready for to be able to purchase your insurance policy.

Can I use any telephone number for my car insurance application?

As long as the phone number is valid and can be used to reach you, then you can use it for your insurance application.

Where do I find the VIN?

The VIN – or the vehicle identification number – is composed of 17 characters (both numbers and capital letters). The VIN is a unique identifier for your vehicle, and it is easily located on the driver's side dashboard of your vehicle.

Why do I need to enter a VIN to purchase a car insurance policy?

To get car insurance in Quebec, you need a VIN. A VIN is a unique identifier linked to every car. The VIN will confirm the vehicle's make, year, and model. This is a crucial aspect of determining the auto insurance rates that various companies will be able to offer to you.

What does primary vehicle mean and why is it important?

Insurance companies want to know why you're using your vehicle, and how often you're using it. Rates will likely differ for someone driving two hours to work everyday compared to someone who only takes their car out to get groceries.

Do I need to own the car to get a quote with Panda7?

If you have purchased, financed, or leased a car in your name, then you can get an auto insurance quote through Panda7. Remember that only vehicle owners must purchase car insurance.

Why is it important if my car is owned vs financed vs leased?

To auto insurance companies, the lowest risk is attributed to vehicles that have been paid in full and are owned. Financed vehicles come next, and leased vehicles have the most risk.

What happens if my vehicle is not listed?

If your vehicle is not listed when you try to compare car insurance premiums with Panda7, please get in touch with us! Call us toll-free at 1-877-777-6968.

Why is a TAG tracking device important?

The TAG tracking system is the most popular and effective anti-theft system for vehicles. The TAG system is recognized by Quebec auto insurance companies, and is a key component of not only ensuring your car's safety against theft, but it can also help with your auto insurance rates. Thanks to hidden RFID wireless tags that are installed covertly throughout the vehicle, in the event of a theft, your car's location can be tracked with ease. Visit TAG tracking to learn more.

How much do I save if I get a TAG system for my car?

This depends on the insurer and on the policies they offer, but a TAG system added to your vehicle could save you up to 25% on your total insurance policy! In some cases, auto insurance companies will require a TAG tracker before agreeing to provide insurance, but this is not a feature of all insurance policies.

What is a “driver risk profile”?

A driver risk profile is an important factor that auto insurance companies use to determine how much your premium will cost. The driver risk profile is made up of your driving record (i.e., number of car accidents), the type of vehicle you drive (i.e., make and year of vehicle; hybrid or electric vehicle), the mileage on your vehicle, your location, among other factors.

Why are the prices I see more expensive than my current insurance policy?

Auto insurance rates fluctuate on a regular basis – so things might have changed since you last bought auto insurance. Panda7 can be used for comparing car insurance quotes, but remember that we don't control any of the prices offered by the insurance companies!

Why should I choose any quote other than the cheapest?

We always recommend that you pick the cheapest car insurance rates. At Panda7, you get to easily compare car insurance premiums from one insurance company to the next, and this is all so that you can get the absolute lowest quote possible. The lowest car insurance premiums are to be found right here, with the help of Panda7!

Why do I see multiple quotes from the same insurance provider?

When you use Panda7 to compare car insurance quotes, you may see multiple quotes from the same provider. This is become some companies have different promotions available to you; for example, some companies offer programs where premiums can be lowered if mobile app is used to track driver behaviour on the road. Make sure to evaluate each policy to see which is best for your needs and preferences.

Why do I keep seeing the message "contact us for more details?"

Some insurance providers may need additional information or missing details from you before they can confirm their insurance premium rates. For example, you may have information missing or entered incorrectly in your application. Maybe your credit score or complex driving history is raising some red flags, or perhaps you've put in too many claims. In any of these cases, and in some other circumstances, you'll need to get in touch with us/the insurance companies before we can proceed with generating your quotes.

What happens if I don't remember all of my insurance claims or violations from the past 6 years?

Once you apply for insurance, Panda7 will verify your declaration of claims and violations against official government records. If there is a discrepancy between what you have reported and what is true based on government records, a price adjustment will ensue. With exception to parking tickets, all tickets, claims, and violations must be reported.

What happens if I have been cancelled by an insurer in the last 3 years?

One of the most important things to do when applying for car insurance in Canada is to be honest! As a precautionary measure, some insurance providers may want to look a bit deeper into your file and driver profile if you've been cancelled by an insurer in the last 3 years. This doesn't mean your present insurer will cancel or deny your request for a policy, but it means they need to be more thorough in their reviewing of your application. When in doubt, just be honest and upfront – as a false declaration can lead to your insurance claims being denied now and in the future.

What does "certain exclusions may apply" mean?

Car insurance rates and policies are just like other contracts – there are exclusions and exceptions. There is a list of exclusions that is determined by the Insurance Bureau of Canada, and these are standardized for all car insurance in Canada. Want to learn more? Check out the IBC's Know Your Policy page for more information.

What is a collision deductible and how much do I need?

A collision deductible covers damage caused by a collision in an at fault accident. This amount varies between $500 and $1000.

What is a comprehensive deductible and how much do I need?

Comprehensive coverage deductible covers losses or damage in the event of theft, vandalism, fire, or damage related to wind, hail and water. This can also include damage done to the windshield of the car. The insurance company determines this amount, which ranges from $250 to $1000 when an insurance claim is made.

What does third party liability limit mean and how much do I need?

In the province of Quebec, third party liability is a mandatory coverage which protects you against “no-fault” collision damages (in Quebec only), “at-fault” property damage and bodily injury for an accident outside Quebec and “at-fault” material damages caused to a third party. While Panda7 offers a $1,000,000 or $2,000,000 liability limit option, we strongly recommend $2,000,000 for drivers who travel outside of the province.

How can I reduce my auto insurance premiums?

Everyone wants to find a cheaper car insurance policy these days – it's understandable! Auto insurance discounts aren't easy to come by, but there are things you can do to reduce your car insurance premium. To get the cheapest car insurance, you can:

• Choose a reliable vehicle with low repair costs
• Up your deductibles
• Bundle home and car insurance using the same insurance company
• Add an anti-theft device to your car (e.g.,Tag) to save yourself up to 25%
• Keep a good driving record
• Use Panda7 to compare auto insurance quotes with ease!

What's the difference between an insurer and an insurance broker?

Here's the main difference: insurers (or insurance companies) sell insurance. Insurance brokers do not sell insurance! Then, what does an insurance broker do?! An insurance broker has as a primary goal to find you the best insurance policy for your needs. They represent you, not the insurance companies, and they are dedicated to help you compare, contrast, and ultimately find the best insurance arrangement. Working with an insurance broker, like Panda7, allows you to easily browse quotes from multiple companies without having to do any of the research yourself!

I bought a policy and realized I made a mistake in one of the steps. What should I do?

If you realize that you've made a mistake with your application process, you can reach the Panda7 support staff for any and all of your car insurance queries. Reach out by phone or email from Monday to Friday, 9am to 7pm EST.

FAQ About Tenant Insurance

What does tenant insurance cover?

Tenant insurance provides essential protection for your personal belongings against physical damage such as fires, theft, and water damage. Additionally, it covers additional living expenses if you need to relocate temporarily and offers liability coverage for accidental damage you might cause to others or their property. Use our insurance comparison tool to find the best insurance online for your needs or call us at (514) 447-7987 for personalized advice.

What types of properties does tenant insurance cover?

This insurance coverage protects all types of rental properties, whether it's a house, apartment, or condo. Regardless of the type of dwelling you occupy, this insurance is tailored to meet your specific needs and provide adequate protection. For detailed information on your insurance premium, feel free to contact your insurance representative or get a tenant insurance quote online for competitive tenant insurance today. Click here to start. This insurance coverage protects all types of rental properties, whether it's a house, apartment, or condo. Regardless of the type of dwelling you occupy, this insurance is tailored to meet your specific needs and provide adequate protection. For detailed information on your insurance premium, feel free to contact your insurance representative or get a tenant insurance quote online for competitive tenant insurance today. Click here to start.

Why should tenants get insurance?

Getting renters insurance is crucial to protect your personal belongings and cover potential damages to third parties. It provides financial security against unforeseen events such as fires, thefts, water damage, and temporary relocation expenses if your rental home becomes uninhabitable. Insurance gives you peace of mind and essential financial protection in case of a loss. Let us help you find the insurance that meets your needs. Start your quote now!

What is not covered by tenant insurance?

Certain situations are not covered by insurance, such as damage resulting from normal wear and tear or water damage due to a prolonged absence from your home. Additionally, damages related to home-based business activities require a separate insurance policy if you are self-employed. It's important to understand these exclusions to consider custom coverage if needed. For more information about tenant insurance coverage, feel free to contact one of our insurance representatives at (514) 447-7987.

What is a Master Policy?

A master policy is insurance purchased by the property owner that generally covers the building or house, including common areas and the owner's liability. However, this policy does not protect your personal belongings or your personal liability. That’s why getting renters insurance is essential to cover your possessions and provide financial protection in case of a loss or damage to others. For more information about tenant insurance coverage, feel free to contact one of our insurance representatives at (514) 447-7987.

Do I need to live at the address to buy tenant insurance?

Yes, the property must be your primary residence to purchase renters insurance. A prolonged absence without prior notification to your insurer can lead to coverage exclusions, compromising the validity of your insurance in case of a claim. For more information on tenant insurance policy, feel free to contact one of our insurance representatives at (514) 447-7987.

How do I get tenant insurance?

Getting insurance with Panda7 is simple and quick. Contact us or request a quote online to see how affordable and perfectly suited tenant insurance in Quebec can be for your needs. Our team of experts is here to guide you through the process, offering complete protection and peace of mind in no time. Start your tenant insurance quote now!

How much does tenant insurance cost in Quebec?

The cost of tenant insurance in Quebec varies based on factors such as the value of your belongings, your location, and the level of coverage you choose. At Panda7, we help you find the best rates for renetrs insurance that matches your needs. By selecting the right level of coverage, you can achieve optimal protection while staying within your budget. Start your tenant insurance policy quote now!

How to save on your tenant insurance

To reduce the cost of your apartment insurance, take advantage of discounts by bundling your auto insurance and condo insurance. This not only simplifies managing your policies but also allows you to make substantial savings on your premiums. By combining your insurance with us, you get comprehensive protection at a competitive price. For more information about tenant insurance policy , feel free to contact one of our insurance representatives at (514) 447-7987.

Replacement Cost vs. Actual Cash Value

Two types of coverage are available: Named Perils and All Risks. The All Risks option provides extensive protection, covering your belongings against nearly all risks, except those explicitly excluded. At Panda7, we offer only the All Risks option to ensure maximum protection, covering the full replacement of your belongings without depreciation deductions, giving you total peace of mind with tenant liability insurance policy, feel free to contact one of our insurance representatives at (514) 447-7987.

Tenant Insurance and Vacations

Before going on vacation, check the duration of unoccupied coverage allowed by your tenant insurance. Generally, tenant insurance in Quebec provides coverage for a specified period in case of water damage or other incidents occurring during your absence. Make sure you know these details to avoid any coverage interruptions and ensure your apartment and belongings are protected even while you are away. For more information, feel free to contact an insurance broker at (514) 447-7987.

Is tenant insurance mandatory in Quebec?

While tenant insurance is not legally required in Quebec, it is strongly recommended. It protects your belongings and liability against incidents like water damage, fires, and other unforeseen events. Obtaining tenant insurance provides you with peace of mind and essential financial protection in case of a problem. Use our insurance comparison tool to find the best insurance online for your needs or call us at (514) 447-7987 for personalized advice.

Can a landlord require tenant insurance in Quebec?

Tenant insurance is not legally mandatory, but it is essential for protecting against unexpected expenses related to covered losses. Many landlords now require tenants to have insurance as a condition of their lease, aiming to protect the landlord’s interests while ensuring you have coverage for accidental damage or liability. Use our renters insurance comparison tool to find the best insurance online for your needs or call us at (514) 447-7987 for personalized advice.

Do Canadians need tenant insurance?

Although there is no legal requirement for tenant insurance in Canada, it is highly recommended. It offers crucial protection for your personal belongings and liability, and many landlords also require tenants to have insurance as a condition of their lease. For more information, feel free to contact one of our insurance representatives at (514) 447-7987.

What is the average cost of tenant insurance in Canada?

The average cost of tenant insurance in Canada varies by province, generally ranging from $15 to $30 per month for a basic policy. It’s important to note that renters insurance is typically less expensive than home insurance because it only covers your personal belongings and liability. This coverage ensures protection for your possessions in case of a loss while providing essential peace of mind without breaking the bank. For more information, feel free to contact one of our insurance brokers at (514) 447-7987.

What is tenant insurance in Montreal?

Tenant insurance in Montreal provides essential protection against physical or property damage you might accidentally cause to someone who does not live with you. This coverage extends worldwide, ensuring peace of mind even while traveling. Additionally, it also protects the family members residing with you. For more information, feel free to contact one of our insurance representatives at (514) 447-7987.

What if I don't inform my broker about a prolonged absence?

It’s crucial to inform your insurer if you leave your rental home vacant for more than 30 days. Failing to do so can result in coverage exclusions in case of a claim, leaving you without financial protection for damages occurring during your absence. Proactively communicating with your broker ensures you maintain adequate coverage under all circumstances. For more information, feel free to contact one of our insurance representatives at (514) 447-7987.

How to insure a rental apartment?

To insure your rental apartment, start by contacting a broker or applying online for renters insurance. Provide detailed information about your belongings, your residence, and the level of protection you need. Use our insurance comparison tool to find the best insurance online for your needs or call us at (514) 447-7987 for personalized advice.

Looking for other insurance coverage?

We can also assist you with comprehensive solutions, including auto and home insurance. Our partners offer customized options to protect your vehicle, home, and more. Our team is ready to guide you in obtaining coverage tailored to your specific needs, ensuring complete peace of mind. Use our insurance comparison tool to find the best policy for your needs or call

FAQ About Condo Insurance

What is condo insurance?

Condo insurance fills the gaps in the primary policy of the condominium association. Depending on your coverage, it includes your appliances, the interior walls of your unit, and your personal belongings. Additionally, it protects your personal liability in case of injuries or property damage caused to others.

Why is it important?

Condo insurance is essential because the primary policy of the condominium association doesn't cover everything. It often excludes certain features of your unit, your equipment, and your personal liability. Without condo insurance, you might have to pay these costs yourself.

What does condo insurance cover?

The primary condo insurance policy of your condominium association may cover the original appliances, systems (wiring, plumbing), and furnishings of your condo, as well as common areas after a loss. However, it may omit essential elements of your personal unit. Make sure your condominium insurance covers:
That should include:
• Your personal unit: The improvements you've made, like a new kitchen or renovated bathroom, are protected against various types of damage. For example, you're covered if a water leak damages your new kitchen furniture or an electrical incident affects the upgrades made to your unit.
• Your valuables and possessions: Your belongings are protected against various types of damage, including fire, theft, or vandalism. This also includes damage due to smoke, power surges, wind, and certain types of water damage. For instance, if your washing machine hose breaks and causes water damage, or if a child accidentally breaks your valuable vase while playing, you might be covered.
• Your personal liability: You're covered if you accidentally cause damage to others or their property. For example, if your dog damages a neighbor's belongings or if you accidentally knock over a friend's valuable item. Note: This protection applies wherever you are, not just on your property!

Does my protection include my valuables?

A recommended condo insurance policy offers automatic and unlimited coverage for your valuables, such as your furniture, television, or game console. You can adjust this protection to include your jewelry, artwork, and other high-value items, covering your personal effects up to a specified limit. To assess if your condo insurance coverage is sufficient, an inventory of your belongings can be very useful, and you have the option to add an endorsement or a "floater" insurance to cover additional valuables. Let us help you find the right insurance for you. Start your quote now!

Who needs condo insurance?

Every condo owner is legally required to have liability insurance. This insurance is essential to protect your property against unforeseen damage and cover you in case of civil liability for accidental damage caused to others. It's crucial to review your declaration of co-ownership, as it may impose specific requirements such as minimum coverage levels or mandatory protections. This step ensures you are properly insured according to the condominium standards, providing adequate protection in case of an incident or water damage, while ensuring compliance with legal obligations. Let us help you find the insurance that suits your needs. Start your quote now!

How to insure a condo? How to insure a condo?

To insure your condo following a loss, use our online comparison tool or call us at (514) 447-7987. You can get up to 7 quotes from insurers based on your specific needs and profile. Our platform guarantees fixed prices for 15 days, providing peace of mind during your purchase decision. Click here to start.

How is my condo insurance premium calculated?

Your condo insurance premium is calculated based on several key factors. This includes the location of your condominium, its age and condition, and the duration of your residence. Elements such as the type of construction, heating system, proximity to fire services, and even your professional situation (working from home or not) are also considered. Additionally, the amount needed to cover your personal effects and your past claims history directly influence the calculation of your premium. For detailed information about your condo insurance premium, feel free to contact your insurance representative or get an online quote for competitive insurance today. Click here to start.

Can combining auto and condo insurance save you money?

Yes, combining your auto and condo insurance can save you money. Insurance companies often offer discounts when you bundle multiple policies under one contract. This can simplify the management of your insurances and potentially reduce your overall costs. To know the exact savings you could achieve and get personalized advice, call us at (514) 447-7987.

How much does condo insurance cost on average in Quebec?

The average cost of condo insurance in Quebec depends on factors such as the residence location, the year the condo was built, the level of coverage chosen, the number of deductibles, and the claims history. Get a personalized quote for your condo by exploring your options with Panda7 today!

What are the major differences between condo insurance and home insurance?

The main differences between condo insurance and home insurance lie in the extent of coverage required. As a homeowner, you're responsible for the interior, exterior, land, and detached structures. However, as a condo owner, you're generally only responsible for the interior of your condo unit and your personal belongings. Insurances also vary regarding coverage for improvements made to your condo. It's essential to have condo insurance if you own a condo and compare it to the syndicate's insurance to identify any gaps. For a house, home insurance is necessary to cover the exterior of the property and detached structures. Use our home insurance comparison tool to find the best insurance policy for your needs or call us at (514) 447-7987 for personalized advice.

What is civil liability?

Civil liability includes the obligation to repair damages caused to others. In terms of condo insurance, this specifically includes liability insurance that will cover claims for accidental property damage and bodily injury occurring in your condo unit. Similarly, in auto insurance, liability insurance guarantees coverage for costs related to damages caused by your vehicle, such as property damage, injuries, illnesses, or deaths, providing comprehensive protection against high repair and litigation costs. For more information, feel free to contact one of our insurance representatives at (514) 447-7987.

What does the "main policy of a condominium association" cover?

The main policy of the condominium association can be either "all-inclusive," covering appliances, carpeting, plumbing, and other installations but excluding your personal belongings, or "bare walls," limited to common areas. Regardless of the chosen form, this insurance always includes the liability of the condominium association, offering essential protection against risks and potential damages affecting common areas and shared property.

How to avoid high special assessments when buying a condo?

Poor financial management of the condominium, such as a limited contingency fund, can lead to additional fees for major works like roof repairs or renovations not covered by the condo association's insurance. To protect your personal finances against these unforeseen events, consider including loss assessment protection in your individual insurance contract. For more information, feel free to contact one of our insurance representatives at (514) 447-7987.

What is the cost of condo insurance for the association?

The cost of condo insurance depends on the number of units and the building's characteristics, as well as the covered risks. Premiums vary significantly between buildings due to the frequency of claims like water damage. Funded by monthly condo fees from co-owners, these premiums can range from a few thousand to several tens of thousands of dollars per year, depending on the claims history. However, each co-owner must always have individual condo insurance to cover personal belongings and improvements made to their unit, ensuring complete protection. For a precise quote, feel free to use our insurance policy comparison tool or contact one of our representatives at (514) 447-7987.

Which insurance covers repairs in the building after a loss?

Following the amendments made by Bill 141 to the Quebec Civil Code in December 2018, the condominium association's insurance is responsible for covering major repairs in the building, including individual units of co-owners. It's important to note that this insurance excludes coverage for damages to improvements made to the original units. For more information, you can consult the Quebec National Assembly bill here.

Who is responsible for costs not covered by the association's insurance?

When expenses are not covered by the syndicate's insurance, such as the deductible or costs exceeding the building's coverage limit, as well as losses specifically excluded like sewer backup or flooding, the association can allocate these amounts among all condo owners. If the loss is covered by your personal condo insurance, it can compensate you up to the limit specified in your contract, but the association's insurance deductible remains your responsibility. For more information, feel free to contact one of our insurance representatives at (514) 447-7987.

How to react in case of a loss?

In case of an incident such as water damage, fire, theft, or vandalism, first ensure your personal safety to avoid any additional risk. Then, immediately contact your insurer and the condominium association for effective management of claims and necessary repairs. This prompt communication ensures compliance with legal obligations and protects your real estate investment.

Looking for the best condo insurance in Montreal?

To find the best condo insurance in Montreal, as well as tenant and auto insurance in Quebec, it is crucial to compare the available offers according to your specific insurance needs. Opt for insurance that offers comprehensive protection against risks such as fires, thefts, or water damage, ensuring the safety of your property and personal belongings. By combining your condo insurance with tenant and auto insurance, you can not only simplify the management of your insurances but also potentially save on premiums. For personalized advice and to find the most suitable insurance solution for your needs, don't hesitate to contact us today at (514) 447-7987.

FAQ About Home Insurance

What is home insurance?

Both home and auto insurance are essential for protecting your property, and every adult can benefit from them. Also called homeowners insurance or house insurance, home insurance protects your house and personal belongings from unexpected or accidental damage (e.g., fire, water damage, some unpredictable weather events), losses, and theft (e.g., burglary). It generally offers public liability insurance for family members living under the same roof, provides financial coverage and covers expenses as well as living costs that could arise in the event of potential disasters. There are different types of home insurance to protect your home and personal property, such as tenant, landlord, condo and homeowner insurance. There are also other types of insurance, including insurance for your chalet/holiday lodge or if you are a non-occupying owner and want to rent your accommodation. To find out more about it, please contact your broker.

How does home insurance work?

If your property or belongings are damaged, lost, or stolen, you'll usually be able to file a claim online with the insurer who sold you your policy. It will then ascertain the extent of your coverage based on the situation and based on your home insurance policy. Once your claim has been processed, you will typically be compensated to renovate, rebuild, or replace the compromised property. You can insure your home and your personal belongings using one of the many reputable insurance companies in Canada. Find the best home insurance premium for your budget using an insurance broker like Panda7, and save money while protecting your home.

What does home insurance cover?

Home insurance covers your personal property and buildings, and offers also public liability insurance (personal liability coverage), that is to say, coverage for damage that could be caused by the policyholder to a visitor or his property. Guarantees vary depending on which type of policy you get, as well as on which insurer you choose to work with. The higher the cost of your home insurance premium, the more property you have included in your coverage. You can also choose to get additional protection as an option by purchasing add-ons which protect you against more exceptional and unforeseen circumstances. It includes for example damage following flooding (dam failure, river overflow), damage caused by an earthquake or protection of your in-ground pool. The list of all the additional covers included in your insurance policy is available during your online submission, make sure to carefully review all the terms of your contract.

Which guarantees are not included with the insurance?

It's important to note that some accidents may not be covered by insurance companies. For instance, damages caused by the gradual decay of your property, damages caused by certain animals or insects, or damages resulting from water leaks that have been occurring for an extended period may not be covered. The contract includes a list of excluded guarantees which can be accessed during online submission. Take time to read it carefully.

Is it mandatory to have home insurance in Quebec?

Unlike car insurance in Quebec, home insurance is not compulsory. However, whether you are an individual homeowner, co-owner of a condo, or a tenant, having a home insurance policy serves as your best ally in unforeseen circumstances and provides protection for what matters most- your home and property, an investment for a lifetime. Home insurance that is adapted to your lifestyle is the ideal solution to protect you if an unexpected event occurs, such as a fire or the theft of your furniture or precious objects for example. With Panda7, you can easily compare Quebec tenant insurance and find the best tenant insurance in Montreal for example, and find the contract that suits your needs. Don't wait and try Panda7 today!

How much does home insurance cost in Quebec?

The cost of home insurance in Quebec varies greatly depending on several factors, including but not limited to the location of your home, its year of construction, the proximity of your home to a fire hydrant, the construction material used to build or renovate your property, and the value of the property, among other factors. Finding a home insurance policy is an individualised process. With Panda7, you can easily determine which insurance provider can best fit your needs.

What do I need to start getting home insurance quotes with Panda7?

To get home insurance quotes with Panda7, you will need:

• A laptop, tablet or smartphone with WIFI
• A mobile phone number to receive an authentication code by text
• 3 to 10 minutes of free time
• Several pieces of information concerning your home, such as dimensions, number of rooms, year of construction, type of heating used, renovations carried out, the value of the goods to be insured
• A credit card to finalize your online purchase

How much should I insure my belongings?

When estimating the value of your property coverage, make sure not to underestimate the worth of your belongings. It is important to factor in all of your possessions when calculating the price, including clothing, furniture, computer equipment, jewellery, valuables, and works of art.

Can I change my insurance policy at any time?

Your insurance policy is usually reviewed annually. This insurance renewal period is the perfect time to review your policy and obtain the most up-to-date coverage that suits your needs, situation, and lifestyle. If you have a question regarding how to change your home or car insurance, contact us toll-free at +1 (877) 777 6968.

Can I cancel my insurance policy at any time?

There could be various reasons for cancelling your insurance policy, like relocating abroad or selling your property. Because your needs evolve or your situation may change at any time, before cancelling your contract, contact us toll-free at +1 (877) 777 6968. Please note that depending on the information in your file, cancellation fees may be applied.

I want to carry out work or my situation is changing: what should I do?

Before undertaking renovation work on your home, contact us toll-free at +1 (877) 777 6968 to determine together whether your current contract adequately covers you in the event of a problem. Likewise, if your situation changes (moving, divorce), don’t wait and contact us.

How can I prevent any disaster?

Different actions can be put in place to prevent any disaster:

• Being responsible and proactive by installing security equipment can help anticipate home problems.
• Installing a backflow preventer, also known as a non-return valve, can help prevent water damage to your home's basement, just like installing a fire alarm can prevent a disaster.
• Please note that compliance with current standards is important when installing this equipment. Be sure to contact relevant city services for guidance on the rules that apply.

Why do I keep seeing the phrase “contact us for details”?

Some insurance companies require more information to refine and confirm their rates. Some of these reasons may include:

• Incorrect, insufficient or missing information
• Bad credit score
• Too many past complaints

What is a limitation?

Your home insurance policy may limit the amount of reimbursement you can receive for certain items. If you believe that some of your belongings are worth more than the limit set in your contract, contact your insurance broker or insurer to discuss this and set a new, higher insurance amount.

What is the excess?

Sometimes referred to as a deductible, the excess is the amount that is not covered by insurance and remains the responsibility of the policyholder. Most insurance policies specify a deductible and how it's calculated. The amount of the home insurance deductible generally varies between $300 and $1000. When you select the amount, choose a deductible based on your repayment capacity.

How can I reduce my home insurance premium?

There are several ways to help you reduce your home insurance premium:

• Consider installing a fire and theft alarm system in your home, whether you do it yourself or through a central service. This can help you save money.
• Bundle your contracts: some insurers offer discounts if you bundle your car insurance and your home insurance policies.
• Maintain your home: adopting responsible and proactive behaviour by installing safety equipment (fire alarm, backflow preventer) to anticipate any problems can help you minimize your complaints and thus allow you to save money.
• Prioritizing a smoke-free environment by refraining from smoking indoors can help prevent problems and save money.
• Limit claims: a lack of declaration can help you obtain more advantageous rates and allow you to reduce your insurance premium.
• Update your file: when renewing your insurance policy or if your situation changes, contact us toll-free at +1 (877) 777 6968 to redefine your guarantees and obtain a new insurance policy at the best price.

Insurance company and broker: what is the difference?

The broker represents a client and negotiates contracts with insurers, but does not sell insurance as an insurer or insurance representative does. A broker will help you find home insurance or compare car insurance for example. When you buy home or auto insurance, the broker receives a commission from the insurer. This commission is a percentage of your annual premium.

What is a home insurance broker?

A home insurance broker assists clients in finding the best policies for their homes and provides them with useful information to obtain adequate coverage with the best conditions and guarantees. He can help you compare Quebec condo insurance or assist you if you want to find condo insurance in Montreal for example. In the case of a home insurance claim, the broker can provide advice to the client on managing the claim and their file.

Home insurance: why work with an insurance broker?

When working with an insurance broker, you can easily compare quotes from multiple providers. Working with an insurance broker such as Panda7 has many benefits. While it is possible to find suitable home insurance on your own, working with an insurance broker can simplify the process and make your life easier. To find the best home insurance policy for your situation and budget, Panda7 can work with many Quebec insurance companies, making your search for the best home insurance as easy as can be! Let us do the heavy lifting for you! In just a few minutes, we'll have several options for you, so you can compare and select the best insurance provider.

FAQ About Auto & Home Insurance Discounts

What discounts do you currently offer on your online insurance platform?

We are currently offering rebates for the following categories of individuals: Individuals with a Bachelor's degree who are working full-time. Married individuals. Retired individuals. Individuals involved in public work. Students.

Can I be eligible for other discounts?

Yes, there may be additional discounts you could be eligible for. We encourage you to reach out to our brokers for more detailed information.

How can I contact a broker for more information?

Our brokers are readily available to assist you. Please call us at 1-877-7776968 for any inquiries or for more information about our advantages and discounts.