Leave it to us – our brokers will match you with the right insurance coverage for your Montreal condo, at the best rate.
Get expert advice & save on your Montreal condo insurance
KBD is a Montreal insurance broker pairing 40+ years of industry experience with a fast, modern client experience.
We provide a quick, and easy to understand insurance service, while finding you the best rates.
Compare rates from top insurance companies in Canada
Montreal condo insurance products we provide
Condo liability insurance
This covers you, your spouse and your dependents in the event that you’re found responsible for third-party damages to the condo building.
Condo contents insurance
This coverage protects your personal belongings against damages related to fire, theft, vandalism, and more.
Water damage coverage
Pays out for damages to your personal belongings and betterments to your condo unit if they’re damaged from a water related accident.
Our clients say it best
More than 600 5-star reviews onLeah N.
Shawn B.
Nathan T.
Brian B.
Need a quick condo insurance quote? Call us.
Montreal Condo Insurance - FAQs
How much is home insurance on a condo in Montreal?
Wondering how much to budget for your Montreal condo insurance?
Well, the answer isn’t exactly cut and dry.
The average cost of condo insurance in Montreal is around $550 a year – but the cost of your personal condo insurance coverage depends on several factors.
These include the location, age, and size of the building, as well as the type of coverage required, and the value of your personal belongings.
In short, condo insurance premiums are determined on a case by case basis.
So the best way to get an accurate estimate of how much your condo insurance will cost is to get a custom quote.
We can help with that.
How much insurance coverage should I purchase for my Montreal condo?
To start, most condo associations will require that you have $2M in personal liability protections before you’ll be approved to move into the building.
In addition, as a condo owner, you should consider the total value of your belongings, and the total value of your unit.
Our condo insurance brokers can help you determine exactly how much coverage is appropriate for your situation.
Visit the KBD blog for a full guide to condo insurance in Quebec.
Ready for a condo insurance quote?
What kind of insurance is a condo corporation required to maintain?
In Montreal, condos are required to maintain condo corporation insurance, also known as “condo association insurance.”
This covers damages to common areas of the building, including the lobby, elevators, parking, pools, and other amenities.
Put simply, condo association insurance protects against liability, and physical damages to the building.
Have questions about your condo insurance coverage?
How does condo insurance work in Quebec?
In Quebec, there are two types of condo insurance that condo owners should have in place.
These coverages are called condo corporation or “association” insurance, and personal condo insurance.
Personal condo insurance covers you for liability, water damage, and contents insurance coverage.
Your personal condo insurance will be paid individually, and most condo associations require it before you move in.
As a condo owner, you will automatically pay into condo corporation insurance as part of your condo fees.
This covers damages to the public areas and common amenities of the building.
Need condo insurance in Montreal?
How does condo insurance work in Quebec?
When you buy a condominium in Quebec, you’re typically required to invest into two different kinds of condo insurance. These include:
- Condo association insurance: This is a coverage that protects the common areas of the building like the lobby and gym. Condo owners automatically pay into it as part of their monthly condo fees.
- Personal condo insurance: Personal condo insurance on the other hand, protects the interior of your unit and belongings against damages such as fire, water damage, theft, and liability for injuries that occur within your unit.
Keep in mind, your condo association will typically require that you provide proof of personal condo insurance before moving in.
Need an insurance quote for your Montreal condo?
Which company has the best condo insurance in Montreal?
The best condo insurance policy for you really depends on your personal circumstances.
Remember, condo insurance – like all insurance coverages – are personalized to the policyholder.
Having said that, the best Montreal condo insurance company for you will be the one that offers the right coverage at the best rate.
You can find the best condo insurance for your needs by shopping the market yourself, or by giving your broker a call.
We’ll save you time, and do the shopping for you.
Who is responsible for water damage in a condo in Quebec?
The responsibility can involve several parties if there’s water damage to a condo in Quebec.
Ultimately, it will depend on the specific circumstances of the damage.
In general, the condominium corporation is responsible for maintaining and repairing the public areas of the building.
If water damage occurs as a result of a failure in the building structure, the corporation would likely be responsible for repairs and any related costs.
However, the deductible applicable for water damage in a large condo building can be as high as $100,000, and large condo claims can be challenging when it comes to determining who pays what.
On the other hand, if water damage occurs inside an individual condo unit, the owner would be responsible for the repairs and any related costs.
For this, they would need to have personal condo insurance in place.
Need a quote?
Who pays the condo insurance deductible?
The policyholder is responsible for paying the condo insurance deductible before the insurance company will pay out in the event of a claim.
The amount of your condo insurance deductible is determined when you purchase your policy, however you can adjust it by giving your insurance provider a call.
Still have questions?
How much is home insurance on a condo in Montreal?
Wondering how much to budget for your Montreal condo insurance?
Well, the answer isn’t exactly cut and dry.
The average cost of condo insurance in Montreal is around $550 a year – but the cost of your personal condo insurance coverage depends on several factors.
These include the location, age, and size of the building, as well as the type of coverage required, and the value of your personal belongings.
In short, condo insurance premiums are determined on a case by case basis.
So the best way to get an accurate estimate of how much your condo insurance will cost is to get a custom quote.
We can help with that.
How does condo insurance work in Quebec?
When you buy a condominium in Quebec, you’re typically required to invest into two different kinds of condo insurance. These include:
- Condo association insurance: This is a coverage that protects the common areas of the building like the lobby and gym. Condo owners automatically pay into it as part of their monthly condo fees.
- Personal condo insurance: Personal condo insurance on the other hand, protects the interior of your unit and belongings against damages such as fire, water damage, theft, and liability for injuries that occur within your unit.
Keep in mind, your condo association will typically require that you provide proof of personal condo insurance before moving in.
Need an insurance quote for your Montreal condo?
How much insurance coverage should I purchase for my Montreal condo?
To start, most condo associations will require that you have $2M in personal liability protections before you’ll be approved to move into the building.
In addition, as a condo owner, you should consider the total value of your belongings, and the total value of your unit.
Our condo insurance brokers can help you determine exactly how much coverage is appropriate for your situation.
Visit the KBD blog for a full guide to condo insurance in Quebec.
Ready for a condo insurance quote?
Which company has the best condo insurance in Montreal?
The best condo insurance policy for you really depends on your personal circumstances.
Remember, condo insurance – like all insurance coverages – are personalized to the policyholder.
Having said that, the best Montreal condo insurance company for you will be the one that offers the right coverage at the best rate.
You can find the best condo insurance for your needs by shopping the market yourself, or by giving your broker a call.
We’ll save you time, and do the shopping for you.
What kind of insurance is a condo corporation required to maintain?
In Montreal, condos are required to maintain condo corporation insurance, also known as “condo association insurance.”
This covers damages to common areas of the building, including the lobby, elevators, parking, pools, and other amenities.
Put simply, condo association insurance protects against liability, and physical damages to the building.
Have questions about your condo insurance coverage?
Who is responsible for water damage in a condo in Quebec?
The responsibility can involve several parties if there’s water damage to a condo in Quebec.
Ultimately, it will depend on the specific circumstances of the damage.
In general, the condominium corporation is responsible for maintaining and repairing the public areas of the building.
If water damage occurs as a result of a failure in the building structure, the corporation would likely be responsible for repairs and any related costs.
However, the deductible applicable for water damage in a large condo building can be as high as $100,000, and large condo claims can be challenging when it comes to determining who pays what.
On the other hand, if water damage occurs inside an individual condo unit, the owner would be responsible for the repairs and any related costs.
For this, they would need to have personal condo insurance in place.
Need a quote?
How does condo insurance work in Quebec?
In Quebec, there are two types of condo insurance that condo owners should have in place.
These coverages are called condo corporation or “association” insurance, and personal condo insurance.
Personal condo insurance covers you for liability, water damage, and contents insurance coverage.
Your personal condo insurance will be paid individually, and most condo associations require it before you move in.
As a condo owner, you will automatically pay into condo corporation insurance as part of your condo fees.
This covers damages to the public areas and common amenities of the building.
Need condo insurance in Montreal?
Who pays the condo insurance deductible?
The policyholder is responsible for paying the condo insurance deductible before the insurance company will pay out in the event of a claim.
The amount of your condo insurance deductible is determined when you purchase your policy, however you can adjust it by giving your insurance provider a call.
Still have questions?