Unlike your auto insurance, your condo insurance is not automatically renewed. 

Very often, your insurer will send you a renewal notice 30 days before the maturity date, although it is not obliged to do so. To make sure you always have coverage, enter the condo insurance policy maturity date in your agenda.

Not planning to renew your condo insurance policy with your current insurer? You need to inform your insurer!

Modify and reduce coverage: think twice

  • Obligations under the Declaration of Co-Ownership: your Declaration of Co-Ownership may require you to have certain coverage. Make sure to read it first before you make a decision.
  • Apportionment: You need to have the coverage required to be compensated under your policy if your syndicate imposes a special assessment for your share of the damage to the building. 


Have you purchased new items or made improvements to your condo? It is important to let your insurer know, so that your insurance coverage still reflects the value of all the personal property you own or the improvements you made.

And remember to inform your insurer if someone new is now living with you. The policy could be reviewed so that all individuals are adequately protected.

Take this quiz and find out what key information you need to give your insurer when you renew your condo insurance. 


You were able to get a lower premium with another home insurer, and you want to cancel your insurance policy with your current insurer. You can do so any time, no matter the reason. 

You will have to send a written notice to your insurance broker or agent who may, however, impose a penalty, using the policy insurance cancellation calculator.

For its part, the insurer of your condo may also decide to cancel your policy, notably if you have not paid your premium. In this case, your insurer must send you a notice in writing.

The cancellation will take effect 15 days after receipt of the notice. Where applicable, the insurer will refund you the part of the premium that corresponds to the days remaining in the policy period.   


8 things condo syndicates should know

The laws and regulations governing co-ownership have resulted in various changes and obligations that are important to know, as are certain particularities relative to condo insurance.


Be prepared.
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