Condo and Townhouse Insurance

Insurance made effortless for owners of condo units and townhouses.

Condo Insurance

The Protection You Need for the Home You Love

Even the most diligent condo owner is unable to plan for the unexpected.

What does condo insurance cover? APOLLO’s Condo and Townhouse Insurance helps protect you and your home from the unexpected. Here are a few examples of how a condo policy can help financially cover you and your personal property.

Fire and Smoke Damage

Where there’s smoke, there’s fire – and where there’s fire, there’s damage. To recover the losses, insurance helps look after you from spark to finish.

Water Damage

Despite our best-laid plans, pipes burst, septic pumps fail, and bathtubs overflow. Insurance gives you the helping hand you need to cover any property damage and restore your space.

Additional Living Expenses

This includes any costs of basic daily living and maintaining good health. They’re covered by insurance when you’re forced out of your space by the unexpected.

Crime and Vandalism

Protect your valuables from theft or damage. Insurance typically covers break-ins or damage to your belongings, and compensates you to be able to either repurchase or repair your property.

Personal Liability

There are countless scenarios that can end up hurting you financially like somebody falling down your stairs and suing you. Protect yourself from potential out-of-pocket costs by making sure you have the right liability insurance in place.

What Insurance Do I Need for a Condo or Townhouse?

With so many different types of insurance coverage available, it can be hard to know what to look for. Here’s what you should consider when selecting your policy.

Coverage Limits

Your coverage limits are the maximum amounts your insurance company will cover due to lost or damaged belongings, personal liability, or additional living expenses.

For example, APOLLO’s Condo and Townhouse Insurance offers:

  • Personal Property limits up to $250K
  • Additional Living Expenses limits up to $125K
  • Personal Liability coverage up to $5M

The Deductible

Your deductible is the amount you’re required to pay when you make a claim in order to activate the coverage in your policy.

Scope of Policy

Using the cost of your coverage limits and deductible, you can determine the approximate price of your policy. In most cases, the higher your coverage limit is, the higher you’ll pay monthly or annually to be insured. A few other factors that can affect the price of your policy include:

  • The location of your condo or townhouse
  • The type of building your unit is in
  • Your previous insurance history

Get Insured in 3 Quick and Easy Steps

Find – and receive – your condo owner’s insurance policy all online, in less than 15 minutes. It’s as quick and easy as one, two, three…

Find and select the coverage you need with a quick and easy unit owner insurance quote.

Choose a convenient payment plan that suits you best.

Get your policy documents delivered to your inbox instantly.

Effortless Condo and Townhouse Insurance

APOLLO is making insurance effortless for condo and townhouse owners by delivering tailored coverage digitally.

APOLLO’s Condo and Townhouse Insurance keeps you safe from experiencing large losses due to accidents or natural disasters.

If you own your unit in Canada, this policy plays a vital role in protecting one of your most valuable assets against the unexpected, such as severe weather, theft, or liability claims. Whether you live in a studio apartment or a multi-level townhome, the right policy can help cover you financially and give you peace of mind.

APOLLO is making Condo and Townhouse Insurance effortless, so you can focus on what’s important — enjoying your home.

Commonly asked questions about Condo and Townhouse Insurance

The cost of your condo and townhouse insurance will vary. The final price will depend on the insurance coverage limits you select, as well as what you would like your deductible to be. The cost will also be impacted by any additional coverages you would like to include in your policy.

In general, a condo or townhouse policy will be less expensive than traditional homeowner’s insurance, since your condo corporation will have its own policy to cover the building and common areas.

There is no law in Canada requiring owners to purchase insurance for their condo or townhouse. However, most condominium corporations and mortgage lenders will require that you have insurance in order to live in the building and receive your loan.

When it comes to owned condo or townhouse units, the type of coverage available is typically referred to a Personal Property, rather than Contents insurance. In general, this type of insurance helps pay to repair or replace your personal belongings, such as your furniture and clothing, after a loss that’s covered under your policy.

APOLLO’s Condo and Townhouse Insurance offers a Special Unit Owner’s Package that includes the additional Loss Assessment coverage, Unit Improvements coverage, Additional Unit coverage, with limits available up to 500% of Personal Property, subject to a maximum of $500K.