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Condo Insurance Quotes

You bought a condo to simplify your life. Yet condo insurance can be complex. Let Grey Power make it easy so you can be sure you have the protection you need.

Get the protection you and your condo deserve. But also get the benefits and discounts that come with being insured through Grey Power, designed for Canadians 50 or over.

Here are just a few:

  • My Achiever®
    Have you been claims-free for 3 years or more? In the event of your first claim, your claims-free discount won't be affected, and we'll even waive the deductible (up to $1,000) for most perils, such as wind, fire, theft, etc., at no extra charge.
  • GP Assistance
    Get unlimited access to a 24/7 legal information hotline and reimbursement of expenses for a range of home care services—at no extra charge.
  • Combined condo and auto insurance discount
    Why not insure your condo and your car all in one place? You can save up to 17% on car insurance and save some more on condo insurance.

Let Grey Power discounts save you more!

Paid off your mortgage? Have an alarm system? Willing to increase your deductibles? See what other discounts you may be eligible for when shopping for condo insurance.

  • My Achiever®
    Have you been claims-free for 3 years or more? In the event of your first claim, your claims-free discount won't be affected, and we'll even waive the deductible (up to $1,000) for most perils, such as wind, fire, theft, etc., at no extra charge.
  • GP Assistance
    Get unlimited access to a 24/7 legal information hotline and reimbursement of expenses for a range of home care services—at no extra charge.
  • Combined condo and auto insurance discount
    Why not insure your condo and your car all in one place? You can save up to 10% on car insurance and save some more on condo insurance.

Let Grey Power discounts save you more!

Paid off your mortgage? Have an alarm system? Willing to increase your deductibles? See what other discounts you may be eligible for when shopping for condo insurance.

  • Claims-Free Protector
    If you have been claims-free for at least 5 years, we guarantee your claims-free discount won't be affected by your first claim—no extra charge.
  • GP Assistance
    Get unlimited access to a 24/7 legal information hotline and reimbursement of expenses for a range of home care services— no extra charge.
  • Combined condo and auto insurance discount
    Why not insure your condo and your car all in one place? You can save up to 15% on condo insurance and save some more on car insurance.

Let Grey Power discounts save you more!

Paid off your mortgage? Have an alarm system? Willing to increase your deductibles? See what other discounts you may be eligible for when shopping for condo insurance.

Get a condo insurance quote online or call us toll-free at 1-855-296-2525.

What’s covered

MY CONDO® covers you against:

  • Fire or Lightning
  • Explosion
  • Smoke damage
  • Vandalism or Malicious acts
  • Water damage*
  • Windstorm or Hail
  • Glass breakage
  • Theft
  • Collapse, including weight of ice, snow and sleet
  • Fuel oil escape

Additional events may also be included. Ask a Grey Power broker for details.

Why do I need condo insurance?
Your condominium corporation's master insurance policy covers the building and common areas, like hallways, stairwells and amenities. But you need your own liability protection and insurance against costs not covered in the master policy.

Plus, don’t forget that your condo corporation’s insurance doesn't cover your furniture, appliances, electronics, clothing, jewelry or other belongings. It also doesn’t cover damage to upgrades made by you or the previous owner, such as kitchen cabinets or bathroom fixtures.

Be sure you’re not undervaluing your possessions and limiting your coverage.
Click here for a helpful inventory calculator that will help you determine the total replacement value of your belongings.

We recommend that you find out if there is a "standard unit" definition for your building. If there is, we suggest you review this definition as it clearly outlines what is considered part of the unit and insured by the corporation's master policy. Anything not shown in the standard unit definition is considered "betterments and improvements" and would not be insured under the master policy but would be covered under MY CONDO®.

MY CONDO® includes protection for personal liability and coverage for personal property. Plus it provides $500,000 single-limit Condominium Unit Protection (with an option to increase to $1,000,000) for coverage unique to condo insurance policies, including:

  • Upgrades—you’re covered for any improvements above the basic level available from the builder like bathrooms or kitchen upgrades and betterments.
  • Unit additional protection—you’re covered when your condo corporation’s coverage falls short.
  • Common elements loss assessment—you’re covered if the unit holders have to divide the expenses of a lawsuit due to an incident in the common areas.

Plus, MY CONDO® also covers:

  • Maintenance fees
  • Cost of temporary membership to fitness or health club facilities that you enjoyed in your condo building if you have to live elsewhere
  • Personal belongings in your storage locker

There are still more reasons to choose Grey Power for all your condo insurance needs:

  • Minimum of $1,000,000 worldwide personal liability coverage
  • No deductible for claims over $30,000
  • Replacement cost on personal property—have your personal property repaired or replaced with new articles without deducting for depreciation.

Do you rent out your condo and live somewhere else?
As a landlord you need a special policy for the condo you rent out. Chances are you also left some of your possessions for your tenants to use, be it major appliances, maintenance equipment or furniture. Protect your investment with Landlord Insurance.

Free extras

Why not get more than the standard coverage you pay for? Buy condo insurance through Grey Power and get these extras for free.

  • Flexible Payment Options – Choose your monthly payment date or ask about our no fee payment options.
  • 24/7 Claims Service** – You can speak to a helpful claims representative in 30 minutes or less. If not, you get a cheque for the amount of your applicable annual premium—up to $1000. No extra charge.

Extras to consider

Your insurance needs may go beyond our standard MY CONDO® policy. Get extra protection for just a few dollars a month.

MY NAME® Identity Theft coverage
It takes a thief only a few hours to assume your identity—but it can take you several months, even years, to restore your good name. Identity theft insurance protects you when someone uses your credit card, driver’s license or other identification for criminal purposes. With more and more ways to steal your identity, it’s protection that is needed more than ever. Simply call the 24/7 Assistance line for help to restore your identity, get legal information and arrange expense reimbursement.

Sewer backup insurance
Combine your city or municipality’s aging and often overburdened infrastructure with increasingly extreme storms, and sewer backup protection makes sense. Depending on where you live, sewer backup may be a concern even if you live above the ground floor. And don’t forget your storage locker.

Additional protection for valuables
As you go through life you accumulate objects of value—jewelry, memorabilia, artwork, sports equipment and more. Your Grey Power broker can help you find the right coverage for the things you treasure.

Personal Umbrella Coverage
The Personal Umbrella Coverage through Grey Power protects you with worldwide legal liability insurance over and above your auto and home insurance policies if you’re sued for causing bodily injury or property damage, defamation of character, libel or slander.

Personal Umbrella Coverage
The Personal Umbrella Coverage through Grey Power protects you with worldwide legal liability insurance over and above your auto and home insurance policies if you're sued for causing bodily injury or property damage, defamation of character, libel or slander.

Let Grey Power take care of your insurance needs

Insure all the things you value and enjoy the convenience and efficiency of dealing with one company.

Savings amounts are based on filed discount and rates. These amounts may vary based on each person's individual insurance profile.
Savings amounts are based on filed discount and rates. These amounts may vary based on each person's individual insurance profile.
*Sewer backup coverage is excluded but specific coverage can be purchased.
**The Guarantee is not valid where the following conditions exist at the time of the first call to Trafalgar: a force majeure, earthquake, blackout, hailstorm, forest fire, flood, act of terrorism, war or other major natural disaster or political unrest beyond our control that would impact our ability to deliver our promised service level.
This is an overview of some of the benefits for which you may be eligible and is for informational purposes only and does not replace your policy. Some conditions and restrictions may apply. Please refer to your condo insurance policy for full details of the coverage.

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