8:30am - 5:30pm


8:30am - 5:30pm


8:30am - 7:00pm


8:30am - 7:00pm


8:30am - 7:00pm


9:00am - 5:00pm


9:00am - 5:00pm

Get Your Quotes

message box

Contents Insurance for Condominiums

Frequently Asked Questions.

Buying Contents Insurance for your first condominium can be overwhelming. You’re already spending your life savings on a place you’ve only seen a handful of times. You’ll be signing legal documents that you may not understand. Add onto that – the confusion of two types of insurance, one for the building and one for Contents Insurance; the whole situation can seem more than daunting.

Here are a few answers to our Frequently Asked Questions to help make the insurance a little clearer.

Why do I need two insurance policies for my condo?

Your two policies cover you for two different things.

The Condominium Corporation policy covers the building itself. The Strata purchase this policy as a group, and the insurance cost is divided amongst the strata owners. The insurance cost will generally be included in your monthly strata fees. To simplify things, this policy will pay to rebuild the building if there is a claim, but it wouldn’t pay to replace any of your stuff in the building.

As the strata purchase this policy as a group, it can be really easy to ignore it. We recommend reviewing the policy before closing on the condominium sale and every year on renewal. This will ensure you are aware of any clauses that may cause the building to be uninsured.

The Condominium Contents Insurance policy covers your contents. If you turn your condo upside down, this policy will cover the items that fall out. It will also cover you for liability, upgrades that may have been made to your unit, and if the Condominium Corporation policy isn’t adequate. You can also be covered for the deductible on the Condominium Corporation policy if you have to pay it for some reason. This policy is where you get to make the decisions. How much do you need to be insured for? What deductible do you want? Do you want (or need) extra coverage for your bicycles or jewelry?

If I’m paying for two policies, doesn’t that mean I’ll be paying WAY too much for my insurance?

Before getting a quote for Contents insurance, you may think it will break the bank. After getting a quote with The Home Insurance People, you’ll notice that most Condo Contents policies are extremely reasonable. Some clients have full insurance coverage and pay about $17 a month. The insurance premium for your Condominium Corporation policy is included in your monthly Strata fees, so you probably won’t even notice the cost of that policy.

Click here to compare Condominium Contents Insurance quotes from up to 5 of BC’s leading insurers in less than 10 minutes.

Why can no one explain my policy to me in plain language?

You will often come into contact with two types of insurance representatives when buying insurance. Either the representative is super knowledgeable about insurance but can’t explain the details in an understandable way, or your insurance representative doesn’t know anything about insurance outside of the policy they’re selling.

Contact Us!

We are experts when it comes to Condominium Contents Insurance policies. Not only that, but our representatives are passionate about ensuring everyone understands what they are paying for when they buy insurance. If you need someone to talk to you in plain English about what your Condominium Contents Insurance policy covers, send us an e-mail at [email protected] or call us at 1-866-544-4664. We’d love to chat with you about your insurance questions.

More Home Insurance News


Explore our Ads

We have lots of fun creating promotions, and just want to share the joy! Click on any of the icons below to peruse our collection of ongoing advertising campaigns.

Please Note

We are currently experiencing problems with our telephone system. Please try calling us again later or sending an email to [email protected] We apologize for the inconvenience and we appreciate your patience!