Get your online condo insurance quote in Quebec

KBD is a Quebec condo insurance broker with 40+ years of experience in the industry.

We provide our customers with the best condo insurance through Canada’s leading insurance companies.

Compare prices among top insurers
Condo insurance
coverage in Montreal
Condo liability insurance

Covers you, your spouse and your family if you cause accidental third-party damage to the building.

Contents

Coverage for your personal belongings that protects them against fire, theft, vandalism and more.

Water damage

Covers your personal belongings and betterments if they’re damaged from a sewer backup or water entering from the ceiling.

Our clients say it best

More than 600 5-star reviews on
Leah N.
“Great service, very easy and well explained procedures and information needed for insurance. Jordan was great to work with, and had excellent communication skills. 10/10 recommend.”
Shawn B.
“Greg is always making sure all my insurance needs are covered. Excellent service and very responsive.. thanks again!”
Nathan T.
“My first time ever getting insurance for a car and it was super simple. I spoke to Erika who was super nice and answered all my questions, and provided everything I needed!”
Brian B.
“Great experience. As a new to Quebec driver who just bought a car I got my insurance processed over the phone in less than 20 minutes. Very efficient, easy to understand and good coverage.”

Get a quick condo insurance quote today

Quebec condominium insurance FAQs

How does condo insurance work?

Personal condo insurance covers you for the following:

  • Contents — Your personal belongings.
  • Dwelling improvements & betterments — An add-on to your existing coverage. If you install a new hardwood floor that increases the value of your unit, you can pick up this insurance extension so that damage to the floor would be covered under this section.
  • Loss assessment — If damage occurs to the condo building (outside of any personal unit) and the condo association’s policy can’t cover it fully, yours and other owners’ personal loss assessment insurance would pick up the gap in coverage.
  • Additional living expenses — Costs over and above your day to day living expenses while you’re unable to live in your home due to a claim. The most common example is the costs of living in a hotel after a fire forces you out of your condo.

What kind of insurance do I need for my condo?

Contents, liability, and betterments.

Contents insurance covers your personal belongings against theft or damage from fire, smoke, and water.

Liability insurance covers the costs of any property damage you cause to the landlord’s building.

Betterments insurance is an add-on to your existing coverage in the event you increase the value of your condo by renovating.

What is Quebec condo law 141?

It’s a new Quebec law requiring condo associations to carry cash reserves to pay for unexpected and sudden expenses.

The law is set up to ensure that in the event of damage to a condo building, the condo board has enough cash on hand to pay its deductible. This applies to property damage outside of personal units. For example: Water damage that destroys the building’s roof.

There’s a downside to law 141 though: Condo boards now have large sums of money sitting unused and, due to inflation, decreasing in value every year.

Is condo insurance mandatory in Quebec?

Like home and renters insurance, condo insurance is NOT mandatory in Quebec. But it’s likely that you’ll need it.

To get a mortgage, nearly all banks will require proof of insurance. Plus, most condo buildings will require you to have it as part of their bylaws.

Is condo insurance more expensive than a house?

Generally, no.

Home insurance rates are based on the cost to rebuild that home, whereas condo insurance prices are determined by the value of the owner’s contents. Logically, it would be tough to imagine a condo owner possessing material belongings that are worth more than a house.

Having said that, the rate is higher on contents than it is on a home. Why? You can’t steal a home! The risk of theft raises the cost of covering belongings.

How does condo insurance work?

Personal condo insurance covers you for the following:

  • Contents — Your personal belongings.
  • Dwelling improvements & betterments — An add-on to your existing coverage. If you install a new hardwood floor that increases the value of your unit, you can pick up this insurance extension so that damage to the floor would be covered under this section.
  • Loss assessment — If damage occurs to the condo building (outside of any personal unit) and the condo association’s policy can’t cover it fully, yours and other owners’ personal loss assessment insurance would pick up the gap in coverage.
  • Additional living expenses — Costs over and above your day to day living expenses while you’re unable to live in your home due to a claim. The most common example is the costs of living in a hotel after a fire forces you out of your condo.

Is condo insurance mandatory in Quebec?

Like home and renters insurance, condo insurance is NOT mandatory in Quebec. But it’s likely that you’ll need it.

To get a mortgage, nearly all banks will require proof of insurance. Plus, most condo buildings will require you to have it as part of their bylaws.

What kind of insurance do I need for my condo?

Contents, liability, and betterments.

Contents insurance covers your personal belongings against theft or damage from fire, smoke, and water.

Liability insurance covers the costs of any property damage you cause to the landlord’s building.

Betterments insurance is an add-on to your existing coverage in the event you increase the value of your condo by renovating.

Is condo insurance more expensive than a house?

Generally, no.

Home insurance rates are based on the cost to rebuild that home, whereas condo insurance prices are determined by the value of the owner’s contents. Logically, it would be tough to imagine a condo owner possessing material belongings that are worth more than a house.

Having said that, the rate is higher on contents than it is on a home. Why? You can’t steal a home! The risk of theft raises the cost of covering belongings.

What is Quebec condo law 141?

It’s a new Quebec law requiring condo associations to carry cash reserves to pay for unexpected and sudden expenses.

The law is set up to ensure that in the event of damage to a condo building, the condo board has enough cash on hand to pay its deductible. This applies to property damage outside of personal units. For example: Water damage that destroys the building’s roof.

There’s a downside to law 141 though: Condo boards now have large sums of money sitting unused and, due to inflation, decreasing in value every year.

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