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Compare condo insurance quotes and connect with a broker today

Looking for cheap condo insurance in Ontario or Alberta? Compare quotes with us today to find your best rate. We'll connect you with one of our licensed RH Insurance brokers, so you can secure the coverage you need.

  • Quick & Easy

    I got my first insurance from RH insurance! The process was super smooth and really quick! Amith was a great help throughout the process! He also got me the cheapest possible plan! Highly recommended!


    Google Reviews - August 2022

  • First Time Insurance Buyer

    Amith Patil was assisting and suggesting me for the insurance, as I was a 1st time insurance buyer in Canada he was very much helpful and got me a better deal compared to other insurance online. Process was very smooth and quick too.


    Google Review - August 2022

  • Super Human Service

    Morgan Roberts: Super human being providing service that can only be dreamed off. She did my home insurance super fast and gave me all the correct legal documents to ensure I have no hiccups with the lawyer. When my lawyer had hiccups, she dropped everything to make all the new changes lawyer requested last minute. What an amazing person. She deserves a promotion and a huge raise. This is the type of people who should be running the company.


    Google Reviews - June 2022

How to get an RH Insurance policy

  • Step 1: Contact our brokers

    Call 1-888-616-1868 to speak with one of our licensed condo insurance brokers.

  • Step 2: Share some info

    Provide us with a few details and receive customized condo insurance quotes from our top providers.

  • Step 3: Finalize your policy

    Select your lowest rate and secure the property insurance coverage you need.

What you need to know about condo insurance

Condo insurance – or condo owner's insurance – protects you financially from risks your unit could potentially face, such as theft and fire. It can also cover you if you're ever held liable for property damage or bodily injury to someone else.

Condo insurance isn't mandated by law. However, you may be required to purchase a condo owner's policy as a stipulation for a mortgage. 

And while your condo corporation’s insurance can provide you with some protection, purchasing your own condo insurance policy will help cover the remaining gaps. One small mistake could damage one of your largest investments, so it’s important to protect yourself against any unique risks ahead of time.

If you're currently looking for a condo policy, we've got you covered – here's everything you need to know about condo insurance in Canada.

Where can you get an RH Insurance policy?

Currently, RH Insurance only offers Ontario and Alberta condo insurance policies.

Types of condo insurance coverage we can offer

Condo insurance doesn’t just protect your unit against damage and theft. When you purchase coverage, you’re purchasing multiple types of protection at once – let’s take a look at the common coverages on a standard policy.

Personal property

Third-party liability

Loss of unit

Additional living expenses

Unit improvements

Unit additional protection

Loss assessment

Recommended condo insurance endoresements

Aside from the included coverages on a standard condo insurance policy, you can also opt-in for additional coverages to further protect yourself against any unique risks. While each insurance company may have different offerings, here are a few common condo policy endorsements:

  • Overland water – If severe weather causes above-ground flood damage to your condo unit, this endorsement can help pay for any repairs or rebuilds needed. You should consider this add-on if you live near a large body of water. 

  • Sewer backup – If sewage from the city drains back up into your property, your building’s insurance policy should cover the damages. However, you may need a sewer backup endorsement if you want protection against downpipe blockages as the sewage from units above you could damage your unit. 

  • Identity theft – If your personal information – such as your credit card, SIN, or passport –  is stolen and used for crime, identity theft coverage can help provide the financial help you need during the recovery process. 

The difference between condo insurance & corporation insurance policies

Below is a table outlining the key differences between a condo insurance policy and your building corporation’s coverage. Keep in mind that coverages may vary depending on the insurer, as well as your building’s stipulations, so be sure to read the fine print to make sure you’re adequately protected. 


Condo insurance

Corporation insurance


Yes (extra protection)


Condo unit

Yes (extra protection)


Unit improvements 



Common area



Personal property



Third-party liability 


Yes (common area)

Loss of unit



Additional living expenses 



What is the average condo insurance cost?

While the cost of condo insurance differs for each individual homeowner, you can expect to pay about $400 to $600 for an annual policy. To see the lowest premium you could be paying, be sure to compare condo insurance quotes with us today.

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How to save on condo owner’s insurance

  • Bundle condo and auto insurance

    Choosing one carrier to fulfill all your coverage needs can reduce your premiums substantially.

  • Agree to a soft credit check

    Good credit doesn’t just lead to low-interest rates – you can also get a discount on your condo insurance.

  • Install condo safety systems

    Most condo insurers offer rate reductions if you install a monitored alarm system in your unit.

What factors affect your quote for home insurance?

  1. Property type

    Different types of condos come with different types of risks. For instance, a stacked townhouse is probably more prone to damage than a small condo unit due to the exposed exterior. So you can expect your condo insurance quote to reflect the risk your property type brings.

  2. Replacement cost

    The more it costs to replace your unit (and the items within it), the more you’ll be paying your coverage. Keep in mind that some condo insurance policies payout actual cash value for your contents – meaning, you won’t be receiving a cheque to replace your flatscreen with a new one, but you’ll be reimbursed for its depreciated value instead.

  3. Credit score

    A good credit score shows insurers you’re a reliable customer who can make premium payments on time, resulting in a substantial rate reduction. So although you aren’t required to opt-in for a soft credit check when shopping for condo insurance, it’s a good idea to do so.

  4. Location

    The location of your condo plays a large role in your rate calculation. If your property is situated in a high-risk neighbourhood for crime, you can expect to pay higher premiums. And units near large bodies of water or airports can also increase your coverage cost due to the increased risk.

  5. Internal construction

    The materials used for plumbing, heating, and electricity in the internal construction of your unit can either increase or decrease the cost of your coverage, depending on the risk it brings. For example, old aluminum wiring can increase the likelihood of a fire, causing your premium to rise.

  1. Past claims history

    Home insurance companies look at your past claims history to see whether you’re likely to make one in the future – having a clean claims history can lead to lower condo insurance premiums. On the other hand, if you have several claims on record, don't expect your insurance to be cheap.

  2. Renovations and betterments

    Betterments to your condo unit can either increase or decrease your premium. By installing new countertops, the cost to rebuild your place after damage will be higher, so you’ll need to pay more for protection. On the other hand, installing a monitored alarm system can protect you from theft, decreasing your monthly insurance bill.

  3. Business use

    You may need additional home-based business insurance or a commercial insurance policy if you’re planning on operating a small business in your condo unit. And if you’re renting out your place to a tenant or listing it on Airbnb, you’ll need to inform your insurer ahead of time.

  4. Pets

    If you own a pet that is known to be violent or dangerous, your condo insurance rate could potentially go up due to the increased likelihood of personal liability or property damage claim.

Let's see how much we can save you today on condo insurance.

We’ve got you covered – in just a few minutes, you can view customized condo insurance quotes from top providers and select your lowest rate.

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