{"id":13978,"date":"2024-02-14T21:43:14","date_gmt":"2024-02-14T21:43:14","guid":{"rendered":"https:\/\/silver.rbcinsurance.com\/en-ca\/?p=13978&#038;preview=true&#038;preview_id=13978"},"modified":"2024-02-14T21:43:15","modified_gmt":"2024-02-14T21:43:15","slug":"what-is-condo-insurance-and-how-does-it-protect-you","status":"publish","type":"post","link":"https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you","title":{"rendered":"What Is Condo Insurance, and How Does It Protect You?"},"content":{"rendered":"\n<div class=\"wp-block-rbc-template-selector templateSelector template__article articleSingle\" data-template=\"article\">\n<div class=\"wp-block-group articleSingle__container tabListStickyWrapper is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group articleSingle__container__hero is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group articleSingle__container__hero__inner is-layout-flow wp-block-group-is-layout-flow\">\n<span class=\"rbc-yoast-breadcrum-span\"><span><a href=\"https:\/\/silver.rbcinsurance.com\/en-ca\/\">Home<\/a><\/span><\/span>\n\n\n\n<div class=\"wp-block-group articleSingle__featuredImage__group is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group articleSingle__title__group is-layout-flow wp-block-group-is-layout-flow\"><h1 class=\"wp-block-post-title\">What Is Condo Insurance, and How Does It Protect You?<\/h1>\n\n\n<div class=\"wp-block-group articleSingle__date__group is-layout-flow wp-block-group-is-layout-flow\"><div class=\"wp-block-post-date\"><time datetime=\"2024-02-14T21:43:14-05:00\">February 14, 2024<\/time><\/div>\n\n\n<span class=\"wp-block-rbc-html-element articleSingle__readTime\">7 Min Read<\/span>\n<\/div>\n\n\n\n<div class=\"wp-block-group articleSingle__author__group is-layout-flow wp-block-group-is-layout-flow\">\n<img decoding=\"async\" src=\"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/Avatar.webp?quality=80&w=128&h=128&crop=1\" alt=\"RBC Insurance\">\n\n\n\n<div class=\"wp-block-group articleSingle__author__details is-layout-flow wp-block-group-is-layout-flow\">\n<span class=\"wp-block-rbc-html-element articleSingle__author__name\">RBC Insurance<\/span>\n\n\n\n<span class=\"wp-block-rbc-html-element articleSingle__author__designation\"><\/span>\n<\/div>\n<\/div>\n<\/div>\n\n\n<figure class=\"articleSingle__featuredImage wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"605\" src=\"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/02\/Article-Condo-insurance.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Night city skyline\" style=\"object-fit:cover;\" srcset=\"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/02\/Article-Condo-insurance.jpg 2252w, https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/02\/Article-Condo-insurance.jpg?resize=300,177 300w, https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/02\/Article-Condo-insurance.jpg?resize=768,454 768w, https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/02\/Article-Condo-insurance.jpg?resize=1024,605 1024w, https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/02\/Article-Condo-insurance.jpg?resize=1536,908 1536w, https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/02\/Article-Condo-insurance.jpg?resize=2048,1210 2048w, https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/02\/Article-Condo-insurance.jpg?resize=412,244 412w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group articleSingle__container__main is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group articleSingle__container__page__nav is-layout-flow wp-block-group-is-layout-flow\">\t\t<div class=\"socials-block\">\n\t\t\t\t\t\t<p class=\"socials-block-title\">\n\t\t\tShare this article\t\t<\/p>\n\t\t<div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n\t\t\t\t\t<a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=What Is Condo Insurance, and How Does It Protect You? &#038;body=Hi, I thought you might be interested in this article from RBC Insurance: https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\" aria-label=\"Email\">\n\t\t\t\t<img decoding=\"async\" src=\"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n\t\t\t\talt=\"envelope icon\">\n\t\t\t\t<span>\n\t\t\t\tEmail\t\t\t\t<\/span>\n\t\t\t<\/a>\n\t\t<div class=\"social-button-wrapper sharing-copy-wrapper\">\n\t\t\t<button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\" aria-label=\"Copy URL\">\n\t\t\t<img\n\t\t\t\tsrc=\"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n\t\t\t\talt=\"copy icon\">\n\t\t\t<span id=\"sharing-copyUrl-Label\">\n\t\t\t\tCopy URL\t\t\t<\/span>\n\t\t\t<\/button>\n\t\t\t<input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n\t\t<\/div>\n\t<\/div>\n  \t\t<\/div>\t\n\t\t\n\n\n<div class=\"wp-block-rbc-tabs-list tabsList\" data-switch=\"lgBp\" data-target-heading=\"h2\"><p class=\"tabsList__heading\">On this page<\/p><div class=\"tabsList__wrapper\"><button class=\"selectDropdown__button\" aria-haspopup=\"listbox\" aria-expanded=\"false\"><span class=\"selectDropdown__title\">What is condo insurance?<\/span><span class=\"selectDropdown__chevron\"><\/span><\/button><ul class=\"tabsList__items selectDropdown__list\"><li class=\"selectDropdown__list__item tabsList__item selected\"><a href=\"#h-what-is-condo-insurance\">What is condo insurance?<\/a><\/li><\/ul><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group articleSingle__content__main tabListHeadings is-layout-flow wp-block-group-is-layout-flow\">\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner \" style=\"border-radius:0x\">\n<p>While there are many perks to condo living (such as never having to replace the roof, repave the driveway, or worry about raccoons taking up residence under the back deck), things can still happen. So, if you\u2019re a condo owner, it\u2019s important to ensure you\u2019re protected with condo insurance if an unfavourable scenario occurs (for example, a leaky dishwasher causing damage to the unit below you can bear a big financial consequence!). It will ensure your space and everything in it are protected. A little less extensive (and usually a little less expensive) than typical home owner\u2019s insurance, condo owner\u2019s insurance is vital. Read on for a simple breakdown of how condo insurance works.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Key takeaways<\/h3>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Condo insurance isn\u2019t required by law, but many mortgage lenders and condo corporations will insist on it as part of your agreement or contract.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default\">It\u2019s wise to have condo insurance, because your condo corporation\u2019s coverage won\u2019t extend to your personal belongings, unit improvements\/upgrades, and personal liability.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default\">This type of policy could also protect you in the event that someone is injured in your home, or you have to temporarily move out after an insured loss (such as fire or water damage).<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default\">The cost of condo insurance will depend on a variety of things, including the size of your unit, whether you\u2019ve done improvements\/upgrades, and the location and age of your building. It generally costs less than home insurance.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-condo-insurance\">What is condo insurance?<\/h2>\n\n\n\n<p>A \u201ccondo\u201d refers to an individually owned unit in a complex or building of units. A condo owner owns the space inside their condo and shares ownership interest in the community property, such as the floor, stairwells, and exterior areas. Condo insurance\u2014also known as \u201ccondominium insurance\u201d or \u201ccondo unit insurance\u201d\u2014is a type of insurance for people who own a condominium unit.<\/p>\n\n\n\n<p>Condo insurance covers things such as the unit owner\u2019s personal belongings, improvements\/upgrades they\u2019ve made to their unit, liabilities, and living expenses should they need to temporarily move out of the unit while repairs are being done after an insured loss.<\/p>\n\n\n\n<p>While your condo corporation will have its own insurance, that coverage only extends to the building\u2019s main structure and common areas, such as the lobby, elevators, hallways, gym, pool, hot tub, and other community rooms.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a><\/a>What does condo insurance cover?<\/h2>\n\n\n\n<p>Here\u2019s a general outline of what your personal condo insurance can cover, but there are some conditions, so be sure to speak to an advisor (and understand your coverage) for all the need-to-know details.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a><\/a>Personal property<\/h3>\n\n\n\n<p>Condo insurance covers your personal belongings\u2014everything from sofas to laptops to your jewelry and even the microwave. If any are damaged or lost due to covered events (such as fire, theft, vandalism, or certain natural disasters), your policy may reimburse you for all or some of the cost of replacing them.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a><\/a>Unit improvements and upgrades<\/h3>\n\n\n\n<p>If you installed a gorgeous new marble countertop with a waterfall edge, or replaced the bedroom carpet with hardwood flooring, these upgrades would be covered by your personal condo insurance. A condo corporation is generally only responsible for replacing or repairing things that were part of the original construction of your unit.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a><\/a>Additional living expenses<\/h3>\n\n\n\n<p>If an event, such as a fire or a flood, makes your unit temporarily unliveable, condo insurance can cover some or all of the cost of things, such as a hotel, food, and other expenses you wouldn\u2019t regularly incur, until you\u2019re back in your own space.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a><\/a>Liability protection<\/h3>\n\n\n\n<p>Let\u2019s say someone is visiting your condo and hurts themselves (they slip and fall in your kitchen, for example), or your washing machine overflows and causes damage to the unit below. Personal liability protection will help cover things such as medical expenses, repair costs, legal fees, and potential settlement costs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a><\/a>Loss assessment coverage<\/h3>\n\n\n\n<p>Sometimes, hefty costs are associated with damages (such as a burst pipe that causes water leakage in several units), or liabilities (someone is injured on the condo property and sues the condo corporation) that aren\u2019t entirely covered by your condo corporation\u2019s insurance. This is where loss assessment coverage comes in: It can help cover your portion of this expense, including deductibles (up to a predetermined limit).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a><\/a>Is condo insurance mandatory?<\/h2>\n\n\n\n<p>It\u2019s not technically required by law, but most mortgage lenders and condo corporations insist on it as part of your contract or agreement. Even if they don\u2019t, it\u2019s a good idea to have condo insurance. Otherwise, a merely annoying situation could become a very expensive one. It is important to also understand the condo corporation\u2019s insurance policy. Don\u2019t be caught off guard when you are levied with an assessment, or find out you are financially responsible for their deductible in the event of a claim. As a condo owner, you\u2019re also vulnerable to the risks of your neighbours. And extreme weather events are becoming more common, and natural disasters do happen. A modest monthly expense is well worth it to ensure you\u2019re covered if you do face such a situation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a><\/a>Who should get condo insurance?<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><a><\/a>Condo owners<\/h3>\n\n\n\n<p>If you are the owner of a condominium unit, you will want to protect your investment with&nbsp;condo insurance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a><\/a>Co-op owners<\/h3>\n\n\n\n<p>You may also be eligible for condo insurance if you own a co-operative (co-op) unit. Co-op ownership is different from traditional condo ownership in that you technically own shares in a co-operative corporation, rather than the unit itself. But condo insurance can still provide coverage for your personal property and liability.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a><\/a>Landlords<\/h3>\n\n\n\n<p>If you own a condo unit and rent it out, you might need a type of condo insurance known as \u201clandlord condo insurance\u201d or \u201crental dwelling insurance.\u201d It provides coverage for the physical structure of the unit and the interior should the tenant cause damage, as well as any liabilities associated with being a landlord. It can also provide coverage for missed rental income if the tenants are forced to move out after an insured loss. It doesn\u2019t cover the possessions of the renter, who can protect their personal belongings via renter\u2019s insurance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a><\/a>How much does condo insurance cost?<\/h2>\n\n\n\n<p>The cost will depend on a variety of things, including the size of your unit, whether you\u2019ve done improvements\/upgrades, and the location and age of your building. Condo insurance generally costs less than home insurance, because it covers additional risks associated with renting. And it only takes a few minutes to get a condo insurance quote online.<\/p>\n\n\n\n<p>Condo insurance usually costs more in larger cities, because it reflects property values. Rates for condo insurance in Vancouver or Toronto, for example, will likely be a little higher.<\/p>\n\n\n\n<p>Consider these costs when determining how much condo insurance coverage you need:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>The replacement of your personal property.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default\">The amount for any improvements\/upgrades you made.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default\">Accommodation and food should you need to temporarily relocate.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default\">Your civil liability in the event that you or someone in your household causes damage to someone else\u2019s property or injury to another person.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>Get a condo insurance quote by speaking to one of our RBC Advisors, or get a quote online.<\/p>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner block-wpr bg-light-blue rounded-corners pos-rel mob-pad-t pad-t pad-b mob-pad-b pad-l mob-pad-l pad-r mob-pad-r centered-block\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading has-text-align-center mar-b-hlf mob-mar-b-hlf mob-pad-t-hlf\" id=\"h-great-rates-and-expert-advice-on-home-insurance\">Great Rates and Expert Advice on Home Insurance<\/h2>\n\n\n\n<p class=\"has-text-align-center mar-b-hlf mob-mar-b-hlf pad-r mob-pad-r pad-l mob-pad-l has-text-lg-font-size\">Get a free online quote* for coverage to protect you, your property, and your belongings from the unexpected.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\"><div>\n<div class=\"wp-block-button aligncenter btn before is-style-primary primary\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www1.myrbcsso.rbcinsurance.com\/ada\/quoter?productType=home&amp;campaignID=BLOG_H25&amp;lang=en\" target=\"_blank\" rel=\"noreferrer noopener\" data-dig-id=\"LP-HomeInsurance-13978-476a44f4\" data-dig-category=\"LP-HomeInsurance\" data-dig-action=\"button click\" data-dig-label=\"Get My Quote-https:\/\/www1.myrbcsso.rbcinsurance.com\/ada\/quoter?productType=home&amp;campaignID=BLOG_H25&amp;lang=en \">Get My Quote<\/a><\/div>\n<\/div><\/div>\n\n\n\n<p class=\"has-text-align-center mar-t-hlf\"><a href=\"https:\/\/silver.rbcinsurance.com\/en-ca\/home-insurance\/\" target=\"_blank\" data-dig-id=\"LP-HomeInsurance-6900-f0866936\" data-dig-category=\"LP-HomeInsurance\" data-dig-action=\"link click\" data-dig-label=\"Learn More\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Learn More<\/a><\/p>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse2de7ba0a\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse2de7ba0a\" data-dig-id=\"LP-HomeInsurance-14506-2de7ba0a\" data-dig-category=\"LP-HomeInsurance\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things Our Lawyers Want You to Know\"><div>Things Our Lawyers Want You to Know<\/div><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse2de7ba0a\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p class=\"has-text-sm-font-size\">*Home and auto insurance products are distributed by RBC Insurance Agency Ltd. and underwritten by Aviva General Insurance Company. In Quebec, RBC Insurance Agency Ltd. Is registered as a damage insurance agency. As a result of government-run auto insurance plans, auto insurance is not available through RBC Insurance in Manitoba, Saskatchewan and British Columbia.<\/p>\n\n\n\n<p class=\"has-text-sm-font-size\">This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\n<div style=\"height:31px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Your home should be your safe space. It\u2019s a place to rest and recharge, gather with loved ones, and store all your most prized possessions. But water damage can jeopardize all that. <\/p>\n","protected":false},"author":80,"featured_media":14005,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"templates\/new-rbci-design.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[48],"tags":[13],"article-type":[80],"ppma_author":[],"class_list":["post-13978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-insurance","tag-home-insurance","article-type-advice-learning"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What Is Condo Insurance, and How Does It Protect You? | RBC Insurance<\/title>\n<meta name=\"description\" content=\"Don\u2019t let water damage compromise your family\u2019s health, your home\u2019s structural integrity, or the resale value of your home in the future.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is Condo Insurance, and How Does It Protect You? | RBC Insurance\" \/>\n<meta property=\"og:description\" content=\"As a homeowner it\u2019s important to do routine checks of your home to help avoid water damage. Here are some quick tips to help reduce the chances of running into problems.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Insurance\" \/>\n<meta property=\"article:author\" content=\"RBC Insurance\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-14T21:43:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-14T21:43:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/personal-insurance-mobile.webp?quality=80\" \/>\n\t<meta property=\"og:image:width\" content=\"880\" \/>\n\t<meta property=\"og:image:height\" content=\"463\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:description\" content=\"As a homeowner it\u2019s important to do routine checks of your home to help avoid water damage. Here are some quick tips to help reduce the chances of running into problems.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"RBC Insurance\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/home-insurance\\\/what-is-condo-insurance-and-how-does-it-protect-you\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/home-insurance\\\/what-is-condo-insurance-and-how-does-it-protect-you\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"What Is Condo Insurance, and How Does It Protect You?\",\"datePublished\":\"2024-02-14T21:43:14+00:00\",\"dateModified\":\"2024-02-14T21:43:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/home-insurance\\\/what-is-condo-insurance-and-how-does-it-protect-you\\\/\"},\"wordCount\":1271,\"publisher\":{\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/home-insurance\\\/what-is-condo-insurance-and-how-does-it-protect-you\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/02\\\/Article-Condo-insurance.jpg?quality=80\",\"keywords\":[\"Home Insurance\"],\"articleSection\":[\"Home Insurance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/home-insurance\\\/what-is-condo-insurance-and-how-does-it-protect-you\\\/\",\"url\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/home-insurance\\\/what-is-condo-insurance-and-how-does-it-protect-you\\\/\",\"name\":\"What Is Condo Insurance, and How Does It Protect You? | RBC Insurance\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/home-insurance\\\/what-is-condo-insurance-and-how-does-it-protect-you\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/home-insurance\\\/what-is-condo-insurance-and-how-does-it-protect-you\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/02\\\/Article-Condo-insurance.jpg?quality=80\",\"datePublished\":\"2024-02-14T21:43:14+00:00\",\"dateModified\":\"2024-02-14T21:43:15+00:00\",\"description\":\"Don\u2019t let water damage compromise your family\u2019s health, your home\u2019s structural integrity, or the resale value of your home in the future.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/home-insurance\\\/what-is-condo-insurance-and-how-does-it-protect-you\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/home-insurance\\\/what-is-condo-insurance-and-how-does-it-protect-you\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/home-insurance\\\/what-is-condo-insurance-and-how-does-it-protect-you\\\/#primaryimage\",\"url\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/02\\\/Article-Condo-insurance.jpg?quality=80\",\"contentUrl\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/02\\\/Article-Condo-insurance.jpg?quality=80\",\"width\":2252,\"height\":1331,\"caption\":\"Long exposure panoramic photo of downtown Toronto cityscape and condominium towers at sunset and twilight\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/home-insurance\\\/what-is-condo-insurance-and-how-does-it-protect-you\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Advice &amp; Learning\",\"item\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/article-type\\\/advice-learning\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"What Is Condo Insurance, and How Does It Protect You?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/#website\",\"url\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/\",\"name\":\"RBC Insurance\",\"description\":\"Personal Insurance\",\"publisher\":{\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/#organization\",\"name\":\"RBC Insurance\",\"url\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/06\\\/rbc-logo-shield.svg?quality=80&w=1024\",\"contentUrl\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/06\\\/rbc-logo-shield.svg?quality=80&w=1024\",\"width\":\"1024\",\"height\":\"1024\",\"caption\":\"RBC Insurance\"},\"image\":{\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"description\":\"RBC Insurance offers personal insurance such as car, home, life, health, travel and creditor insurance, plus retirement investment solutions to Canadians.\",\"telephone\":\"1-800-769-2568\",\"legalName\":\"RBC Insurance Services Inc.\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"1001\",\"maxValue\":\"5000\"}},{\"@type\":\"Person\",\"@id\":\"\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What Is Condo Insurance, and How Does It Protect You? | RBC Insurance","description":"Don\u2019t let water damage compromise your family\u2019s health, your home\u2019s structural integrity, or the resale value of your home in the future.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\/","og_locale":"en_US","og_type":"article","og_title":"What Is Condo Insurance, and How Does It Protect You? | RBC Insurance","og_description":"As a homeowner it\u2019s important to do routine checks of your home to help avoid water damage. Here are some quick tips to help reduce the chances of running into problems.","og_url":"https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\/","og_site_name":"RBC Insurance","article_author":"RBC Insurance","article_published_time":"2024-02-14T21:43:14+00:00","article_modified_time":"2024-02-14T21:43:15+00:00","og_image":[{"width":880,"height":463,"url":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/personal-insurance-mobile.webp?quality=80","type":"image\/webp"}],"twitter_card":"summary_large_image","twitter_description":"As a homeowner it\u2019s important to do routine checks of your home to help avoid water damage. Here are some quick tips to help reduce the chances of running into problems.","twitter_misc":{"Written by":"RBC Insurance","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\/#article","isPartOf":{"@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\/"},"author":{"name":"","@id":""},"headline":"What Is Condo Insurance, and How Does It Protect You?","datePublished":"2024-02-14T21:43:14+00:00","dateModified":"2024-02-14T21:43:15+00:00","mainEntityOfPage":{"@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\/"},"wordCount":1271,"publisher":{"@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/#organization"},"image":{"@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\/#primaryimage"},"thumbnailUrl":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/02\/Article-Condo-insurance.jpg?quality=80","keywords":["Home Insurance"],"articleSection":["Home Insurance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\/","url":"https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\/","name":"What Is Condo Insurance, and How Does It Protect You? | RBC Insurance","isPartOf":{"@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\/#primaryimage"},"image":{"@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\/#primaryimage"},"thumbnailUrl":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/02\/Article-Condo-insurance.jpg?quality=80","datePublished":"2024-02-14T21:43:14+00:00","dateModified":"2024-02-14T21:43:15+00:00","description":"Don\u2019t let water damage compromise your family\u2019s health, your home\u2019s structural integrity, or the resale value of your home in the future.","breadcrumb":{"@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\/#primaryimage","url":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/02\/Article-Condo-insurance.jpg?quality=80","contentUrl":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/02\/Article-Condo-insurance.jpg?quality=80","width":2252,"height":1331,"caption":"Long exposure panoramic photo of downtown Toronto cityscape and condominium towers at sunset and twilight"},{"@type":"BreadcrumbList","@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/advice-learning\/home-insurance\/what-is-condo-insurance-and-how-does-it-protect-you\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/silver.rbcinsurance.com\/en-ca\/"},{"@type":"ListItem","position":2,"name":"Advice &amp; Learning","item":"https:\/\/silver.rbcinsurance.com\/en-ca\/article-type\/advice-learning\/"},{"@type":"ListItem","position":3,"name":"What Is Condo Insurance, and How Does It Protect You?"}]},{"@type":"WebSite","@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/#website","url":"https:\/\/silver.rbcinsurance.com\/en-ca\/","name":"RBC Insurance","description":"Personal Insurance","publisher":{"@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/silver.rbcinsurance.com\/en-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/#organization","name":"RBC Insurance","url":"https:\/\/silver.rbcinsurance.com\/en-ca\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/#\/schema\/logo\/image\/","url":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/rbc-logo-shield.svg?quality=80&w=1024","contentUrl":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/rbc-logo-shield.svg?quality=80&w=1024","width":"1024","height":"1024","caption":"RBC Insurance"},"image":{"@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/#\/schema\/logo\/image\/"},"description":"RBC Insurance offers personal insurance such as car, home, life, health, travel and creditor insurance, plus retirement investment solutions to Canadians.","telephone":"1-800-769-2568","legalName":"RBC Insurance Services Inc.","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1001","maxValue":"5000"}},{"@type":"Person","@id":""}]}},"jetpack_featured_media_url":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/02\/Article-Condo-insurance.jpg?quality=80","jetpack_sharing_enabled":true,"authors":[],"_links":{"self":[{"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/posts\/13978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/users\/80"}],"replies":[{"embeddable":true,"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/comments?post=13978"}],"version-history":[{"count":9,"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/posts\/13978\/revisions"}],"predecessor-version":[{"id":14562,"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/posts\/13978\/revisions\/14562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/media\/14005"}],"wp:attachment":[{"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/media?parent=13978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/categories?post=13978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/tags?post=13978"},{"taxonomy":"article-type","embeddable":true,"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/article-type?post=13978"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/ppma_author?post=13978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}