Protect your unit with condo insurance
Buy condominium insurance online in 5 minutes.
Whether it’s a low-rise in Toronto or a high-rise in Vancouver, secure the right coverage for your condo unit. If you live in B.C., Alberta, Ontario, Quebec, New Brunswick, Nova Scotia or P.E.I., you can get condo or strata insurance online with Sonnet in just a few clicks. Get customized coverage, in language you can understand, at a competitive price – and do it all online. We’ve simplified condo insurance, so you can focus on what you love. Renting a condo as a tenant? Check out our renters insurance.
First claim forgiveness, replacement cost guarantee and enhanced deductible waiver are all extra perks of our Above and Beyond coverage.
We’ve kept things simple. Whether you call your condo home or rent it to tenants, our condo policy has you covered.
Online doesn’t have to mean on-your-own. Email, chat or call our fully-licensed insurance agents and experience our 91% customer satisfaction score.
No claims in the last 5 years? This could mean extra cash in your pocket.
Insuring more than one property could qualify you for a multi-location saving.
Bundling your home and auto policies could mean up to 20% savings for you.
Whether it’s a house or a condo, buying a new property is a big investment. But, it’s more than a piece of property, it’s your home. That’s why it’s important for every home and condo owner to buy insurance. Without property insurance, if something were to happen to your home or your stuff, you’d be responsible for covering the cost.
Plus, if you have a mortgage on your house or condo, your lender will also likely require you to secure insurance coverage.
If you have a homeowner’s policy with Sonnet, you’re allowed to rent a portion of your home to a maximum of two people or a separate unit in your home to a family as long as you’re living there at the time.
If you’re not living there during the time it’s rented, or this isn’t your primary residence, then it’s not covered under your homeowner’s policy and you’ll need a landlord policy.
If you have a condo owner’s policy with Sonnet, you’re allowed to rent out your entire condo regardless of whether you’re living there or not. However, your coverage for burglary or theft is limited.
Heads up! If you have a long-term rental unit in your home and also rent out a portion on a short-term rental network, this could exceed the limitations of your policy. Please contact us if this applies to you and we’ll make sure you’ve got the right coverage.
For more information on insurance and short-term renting, check out our blog on short-term rental insurance 101.
Wondering if your townhome needs a condo or a homeowners policy? There are a couple of questions that help with this:
- Do you have a Condo Corporation?
- If something were to happen to the outside of your home, such as to your roof, are you responsible for repairing it?
If you answered yes to the first question and no to the second, then a condo policy would best fit your needs.
Depending on where you live, additional coverages are available to add on for certain events that aren’t covered by a standard home policy. These coverages are hail, sewer back up, overland water and earthquake. All of these coverages can be added when making your quote.
Already purchased? You can add on these coverages at any time through your account.
It’s a whole lot of math and statistics. Basically, we look at a complex set of factors that determine your rate. For instance:
- Where your home is located
- Home structure, age, heating equipment, etc.
- Size of your home
- Number of past claims
- Information about you (age, etc.)
The Sonnet customer satisfaction score is based on the average survey results of Economical Insurance respondents between January to December 2018.
The 5 minutes to get insured is based on the average Sonnet customer experience.
Bundling discount reflects the best possible savings a customer could receive by bundling their home and auto coverage. Depending on your quote details, you may not be eligible for a discount.