Your condo corporation's policy isn't yours.
The corporation insures the building. You insure everything from the drywall in — your upgrades, your belongings, your liability, and the gaps the corporation's deductible leaves behind. Most condo owners are shocked at how much is actually on them.
The corporation's deductible could land on you.
Here's the scenario that ruins days: a pipe bursts, the corporation's $250,000 water deductible applies, and the corporation charges it back to the unit owners involved. Your share could be tens of thousands — and only your own condo policy's deductible-assessment coverage answers it.
I build condo policies around the real exposures: your unit improvements (that kitchen reno isn't the corporation's), your contents, your liability, and the assessment coverage that catches what the corporation drops on you.
What's covered
Every risk is different, so every policy is built — not pulled off a shelf. Here's what a condo program typically includes:
Unit improvements & betterments
Your flooring, kitchen, bathroom upgrades — everything beyond the builder's base unit.
Contents
Furniture, electronics, clothing — your life inside the walls, at replacement cost.
Deductible assessment
When the corporation charges its massive deductible back to you, this is what pays your share.
Personal liability
$1M–$2M for the overflowing tub that becomes the unit-below's ceiling claim.
Additional living expenses
A hotel and meals while your unit is unlivable after a loss.
Lockers & parking
Your storage locker and vehicle contents — the forgotten corners of condo life.
How it works
Ten minutes on the phone. What you run, what you own, what keeps you up at night. No forms, no phone trees.
I take your file to 60+ insurers and specialty markets through Aaxel and make them compete for your business.
Clear options, straight numbers, coverage that actually fits. You decide — I handle the paperwork.
Condo insurance across the GTA
Downtown Toronto towers, Mississauga city-centre condos, new builds in Brampton and Vaughan — I insure condo owners across the GTA. Every corporation's bylaws and deductibles differ, so I actually read yours before building the policy. Novel concept, I know.
Questions, answered
Do I really need condo insurance if the corporation has insurance?
Yes — the corporation's policy covers the building and common elements, not your unit improvements, belongings, liability, or deductible assessments charged back to you. Lenders require it; common sense does too.
What is deductible assessment coverage?
When an insured loss triggers the corporation's deductible (often $100K–$500K for water), the corporation can assess unit owners for it. This coverage pays your share — without it, you're writing a very large cheque.
I rent out my condo. Does that change things?
Completely — you need a condo unit-owner policy structured for rental, covering your liability as landlord and your improvements. A standard owner-occupied policy can deny a rental claim.
How do I get a quote?
Call or text me at 226-543-1313, or email sukhman.buttar@aaxelinsurance.com. Tell me what you need covered and I'll shop it across 60+ insurers and specialty markets — most quotes come back within one business day.
What areas do you serve?
I'm based in Mississauga and work with clients across the GTA and all of Ontario. Through Aaxel Insurance Brokers Ltd., coverage can also be placed in Alberta, British Columbia, and Nova Scotia.