The right coverage for your specific needs

As a condominium owner in Ontario, you have many benefits but you are also exposed to unique risks. Unlike a single-family homeowner, you have a number of policies in force between your personal insurance and the Condo Corporation insurance. You need to make sure that this insurance overlaps so as not to let risk seep through the seams.

Because there are various policies in place, you need to make sure that you don’t overpay for unneeded insurance that is already covered by the Condo Corporation Insurance–and that you have extra liability insurance where the Condo Corporation insurance stops. Understanding your Standard Condo Unit By-laws is very important.

Condo insurance is like a suit that needs to be individually tailored: if it’s too big then you overpay for what you don’t need and if it’s too small then you may expose yourself to lawsuits.

Ontario Condo insurance is available at reasonable rates to anyone who owns property in a development with joint property ownership. It is distinct from homeowner insurance because it works in conjunction with your Corporation’s insurance policy.

Here are two reasons to act now!

  1. It is important for your protection to have your condominium insurance in place before any claims are made–not just from you but also from anyone else on the condominium property.
  2. We can provide you with a no-risk quote within a day. Just fill out this short form to get an inexpensive policy that will protect you and your home. 

Ontario Condominium Unit Owner insurance typically consists of the following protections:

Replacement Cost for your Personal Property
Provides coverage for your personal belongings in case of damages and theft.
Additional Living Expenses
Helps to cover the costs of hotel rooms, meals and storage while you are away from home due to an insured claim.
Liability Coverage
Provides coverage for bodily injury and property damaged sustained by others which you are legally responsible.
Sewer Backup
Extra coverage which pays for damages to your contents due to the backing up of the sewer system.
Betterments & Improvements
Covers the cost of improvements and upgrades you made to your unit beyond the basic unit finishing
Loss Assessment
Provides coverage for loss or damage to common elements in the event the Condo Corporation's policy is insufficient
Contingent Unit Owners Coverage
Protects your condo unit in the event the Condo Corporation's policy is insufficient.

What some of our valued customers have to say

Bruno P

It was a great experience to work with representatives of Insurance Executives Brokers & Consultants Inc., especially with Adele Lu who was always helping us in timely fashion and delivering quotes on new cars in shortest time possible (when we were switching between two cars and also when my son passed full G exam). I would recommend this company to anyone.

Anne J

I bought a new car at short notice and could not believe how quickly IEBC sorted out the new insurance policy, no hassle, no fuss. Job well done!


Great staff at this office. They are very helpful and answer any questions you may have quickly and accurately. Highly recommend.

Let us know if you have any questions about our plans and we’d be happy to help!

There’s no such thing as a one-size-fits-all insurance policy. Let the Insurance Advisors at Insurance Executives Brokers & Consultants Inc. help you design a policy that protects what you care about most.

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