Condo Insurance in Ontario

Protect your condo unit and your belongings from damage.

Condo insurance in Ontario varies and there isn’t a standardized policy, which is why it is best to have the licensed insurance professionals at Jeffery & Spence assist you when selecting insurance coverage for your condominium.

Condo by-laws can vary greatly from one building to the next, so it is imperative to provide this information to your licensed insurance broker and have them review your by-laws to ensure that you have adequate coverage.

Your broker will also help you better understand what you are responsible for insuring and what the condo corporation will insure.

Why You Need Condo Insurance in Ontario

Condo insurance is not a legal requirement in Ontario, so you are not obligated to have personal coverage for your condominium unit. However, without your own condo insurance, if any damage to the building begins in your unit, you may be responsible for the costs of this damage. This can be a major issue in the case of a fire, leak, or a variety of other issues.

Condo buildings will have their own commercial condominium insurance policy, but this only covers the common areas of the building. It is important for individual unit owners to also purchase personal condominium insurance to cover their specific units. This policy will give you peace of mind that your belongings within your condo are protected — in addition to a number of other things.

Personal condo insurance is designed to go beyond your personal belongings and can protect you from the financial responsibility of repairs to your unit, in the event of an incident. Depending on your coverage, it can also protect you from liability if someone injures themselves in your unit, protect upgrades or improvements made to an individual unit, or the costs associated with special assessments for improvements to the main condo building.

For more information on the different types of coverage, review your options below and contact the team at Jeffery & Spence for further details.

The Jeffery & Spence team are true professionals who are dedicated to making sure you have an awesome experience. Working with their team has been great and I would highly recommend them to anyone! 10/10 - keep up the great work Jeffery & Spence.read more
Ryan Vielma
Ryan Vielma
21:03 15 Feb 19
My family and I have been insured through Jeffery and Spence for 14 years, and we will all always be loyal clients to this wonderful brokerage.read more
Ashlean Richardson
Ashlean Richardson
17:50 27 Nov 18
Have been with them for ages and wouldn't hesitate to recommend them to anyone. I have also gladly referred friends to them and they have taken good care of them as well!read more
Jason Shaw
Jason Shaw
20:38 02 Jan 18
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Ali SIDO
Ali SIDO
03:57 11 Feb 19
unbelievable service, literally saved a client of mine from a major catastrophe, highly recommend. Kyla was amazing
Andra Arnold
Andra Arnold
17:19 18 Apr 19
Excellent Customer service and communications, staff here makes me feel like part of the J&F family, highly recommend!
Rain Zhang
Rain Zhang
14:21 29 May 19
Excellent Customer service and communications, staff here makes me feel like part of the Jeffery&Spence family, highly recommend!read more
Rain Zhang
Rain Zhang
14:39 29 May 19
Awesome service, friendly advice and get what you need fast. Been a customer for over 10 years now.
Brock Parker
Brock Parker
16:03 27 Jun 19
Awesome service, friendly advice and get what you need fast. Been a customer for over 10 years now.
Brock Parker
Brock Parker
16:03 27 Jun 19
Ashlean made shopping for insurance so easy and stress free! From start to finish she was courteous and professional, listened to our needs and communicated with us every step of the way, all while finding us the best ratesread more
Chloe McKnight
Chloe McKnight
22:42 22 Jul 19
The Jeffery & Spence team is wonderful. They have insured my assets for over 4 years. When I switched over from my old provider they made it easy. They were honest and reliable. I started simply with a call out for car insurance. They were able to take a look at 5+ companies and make sure I had the proper coverage and at a great price. (They beat my old provider by $300). Slowly and surely as other asset insurance policies were coming to an end (home, business, additional vehicles) it only made sense to call over and get a quote. Additionally there is customer service like no other. I call in frequently for updates and questions and whether it’s the front desk or managers I have never felt like I was asking a stupid question. Jeffery & Spence is awesome and you owe it to yourself to just give them a call....even if your not from Guelph!read more
Corey Pavao
Corey Pavao
13:59 23 Oct 19
So over the moon happy with these guys. Specifically Dave. I was a first timer today, extremely nervous about taking another step toward “audulting” by getting my own auto insurance. And when I say nervous, I mean NERVOUS. Dave was MORE than helpful. His personality put me at ease, and the way he explained things made me go from feeling anxious to comfortable. Dave did more than help me get my own insurance. Dave made me feel like it was just a normal conversation between people. Where as other conversations have gone with other companies, I felt like a stupid kid in their 20s that didn’t know what they were doing. It’s comforting to know that now, in the future, when I need home insurance, etc. I know who to call. Thanks a million Dave.read more
Jaymee Indoe
Jaymee Indoe
18:55 21 Nov 19
Ashlean is so great to work with and she makes insurance easily accessible. I love all of the work they do in the community too. Check them out!!!read more
Heather Smart
Heather Smart
16:41 01 Dec 19
Awesome service! Jeffrey helped me find a solution for my insurance ASAP after I had such a poor experience with my previous insurer.read more
Jennifer A-M
Jennifer A-M
04:25 04 Dec 19
Expedient, professional and tailored to my needs. Highly recommend.
Annie Wong
Annie Wong
15:38 10 Dec 19
Met with Dave Jutzi and he was an absolute pleasure to work with! He created a plan to MY needs and MY budget! No pressure on me whatsoever and he really looked out for my best interest. If you're looking for extremely affordable auto and home insurance, DEFINITELY go see Dave!read more
Simon McGhee
Simon McGhee
16:38 21 Jan 20
My only regret was not calling them sooner. Ashlean Richardson went above and beyond for my company. I felt like they took me and my time very seriously and I appreciated that. Would highly recommend to my friends and family.read more
Kevin Wilkins
Kevin Wilkins
13:40 14 Apr 20
Ashlean was great to work with she was very helpful and prompt with all her responses; she was able to make a stressful situation go by very smoothlyread more
Haily Rice
Haily Rice
16:09 29 May 20

Your Condo Insurance Coverage Options

Not all condo insurance policies are the same, and it’s important that make sure that your policy includes all of the protection you need. When you purchase condo insurance, consider whether you need the following:

All-Risks Coverage

Covers your unit’s contents, as well as improvements or betterments that are the result of a named peril.

Personal Liability

If this is included in your insurance policy, you will be covered if anyone is injured in your home.

Contents Coverage

Covers losses to your personal belongings, up to a defined limit.

Replacements Cost Coverage

Your contents are covered if you need to replace them, based on their original value.

Additional Living Expenses (ALEs) Coverage

If you are forced to leave your condo because of a fire or other covered risk, your insurance policy will cover lodging, food costs, and other living expenses for a defined period of time.

Improvements and Betterments Coverage

Covers any upgrades or improvements made to your unit, either by you or by any previous unit owner.

Loss Assessment Coverage

Covers any loss or damages to the common elements of your condominium, which can be levied back upon the unit owner by the Condo Board.

Wading through your condo insurance options can be overwhelming, but at Jeffery & Spence Insurance, we’re here to help. Give us a call and one of our team members will be happy to help!

Contact the insurance experts at Jeffery & Spence today to discuss your options.