Get a personalized condo insurance quote for about $40/month
Your time matters, and so does your stuff. Get a personalized condo insurance quote in 5 minutes. That’s less time than it takes to wait in line for coffee.
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Condo insurance that customers love and trust
Most policies protect your personal property and your liability. But only Condo Owner’s Protection from Square One safeguards against shortfalls in your condo corporation’s insurance, and protects upgrades made to your unit. And that’s just the start.
Protect your condo with Canada’s only customizable condo insurance policy. Personalize your limits, coverages and deductibles. With Square One, you choose what to insure and how much to insure it for. Keep reading to learn more about our unique approach.
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Six reasons why you'll love Square One
out of 5. That’s how customers rate Square One Insurance Services after writing N/A reviews. And with an A+ rating from the Better Business Bureau, people clearly love the way we’re changing condo insurance.
Digital platform
With Square One, you can get a quote, buy a policy and even submit a claim – all online, from the comfort of your own home. Quotes and policies are managed through your online account or mobile app, but if you need help, expert assistance from one of our licensed insurance agents is just a webchat or phone call away.
Superior protection
All policies from Square One are comprehensive – this is the highest level of protection currently available in Canada. We make it easy for you to protect your things from common perils (such as water damage and theft). And, with Condo Owner’s Protection, you get complete peace of mind.
Peace of mind
Condo Owner’s Protection offers all-in-one coverage for the unique needs of condo owners. Improvements to your unit, like custom countertops or cabinets, aren’t covered by the building’s master policy. Condo Owner’s Protection covers unit improvements, plus assessments against your unit for the building policy’s deductible or shortfalls in coverage.
Personalized coverage
All policies protect most common personal property items including laptops, smartphones and furniture. If you own specialty property (such as bicycles or fine arts) you can also add coverage to your policy. That way, you only pay to insure what you actually own.
Need to make a claim?
Making a claim with Square One is easy. In fact, most of the process can be done online. You’ll get your own dedicated adjuster to work with you from start to finish to make sure you’re back on your feet in no time. And, Square One pays out on over 90% of all claims submitted.
Interest-free monthly payments
We’re confident you’ll love our service and stay with us. That’s why we don’t lock you into a contract. With us, you can pay monthly or annually and there’s no fixed-term contract. You can also change your payment preferences through your online account.
ready for an online quote? Your time matters, and so does your stuff. Get a personalized condo insurance quote in 5 minutes. That’s less time than it takes to wait in line for coffee.
Before you start, please review our Privacy Policy and Terms of Use.
Learn how you’re protected
with Square One
When you buy condo insurance from us, the experience is straightforward from quote to claim. View the sections below to learn about the coverages, deductibles, protection and claim service offered by Square One. You can also download sample policy wordings.
Personal property and specialty coverages. Traditional providers don't give you much control when it comes to insuring the contents of your home. They include pre-packaged protection that is based on your house's rebuild cost. And, they automatically include protection for specialty property whether you own it or not.
At Square One, you decide what specialty property you insure and for how much. You also decide how much protection you need for your most common personal property, which includes appliances, electronics, furniture, and clothing.
Bicycles, sporting equipment and watercraft: This optional coverage protects any personal and portable equipment used for athletic or recreational activities. This includes cycling, equestrian, fishing, golf, hang-gliding, hockey, hunting, paragliding, shooting, skating, skiing, snowboarding, surfing and windsurfing. It also protects commercially manufactured boats, canoes and kayaks. Any watercraft must be no more than 20 feet in length and, if motorized, must have no more than 100 horsepower in total. And, it protects related property like accessories, equipment and trailers.
Business property: Protects property that you own or use for profit or compensation, including inventory, tools, computers and other equipment. Items used for both business and personal purposes must be insured as business property. This coverage does not protect business income, operations, or other exposures.
Fine arts and collectibles: This optional coverage protects visual art, including paintings, sculptures, drawings, limited edition prints, and other pieces that cannot be easily replaced, like hand-woven or hand-knotted rugs or carpets made in Asia. It also protects any items collected as a hobby, for display, or as an investment, whose value may appreciate, including sports card collections, first edition books, and coin collections. And, it protects any porcelain ware, plates, cups, saucers that are used on special occasions; eating and serving utensils made of silver that are also used on special occasions; and figurines made of porcelain or ceramic material.
Jewellery and watches: This optional coverage protects objects designed for the adornment of the body, including necklaces, bracelets, rings, earrings, watches and precious stones.
Condo coverages. With Square One, you get the best condo (or strata) insurance in Canada. You know that saying, “You get what you pay for?” It’s true. Our policy may cost a little more, but it’s there when you need it. Our optional Condo Owner's Protection coverage includes:
Blanket coverage for all condo damage: You select a single limit that covers damage to your unit and its improvements, deductibles assessed against your unit by your condo corporation (including those for water damage and sewer backup), and other amounts assessed for shortfalls in the corporation’s master policy.
Other coverages. There are a few other coverages that are essential to any insurance policy, including liability protection.
Additional living expenses: This mandatory coverage helps protect you against increased living costs if your home becomes uninhabitable due to damage from an insured loss or an evacuation order from a sudden, accidental event. Whether you're a homeowner or renter, you may still be responsible for your regular housing payments during repairs, including utilities. A rent rebate or mortgage relief is not guaranteed. Coverage for temporary accommodation is especially important for managing added expenses while your home is being restored.
Identity theft and financial loss: Protects against financial losses resulting from the theft of your identity. Also protects against expenses incurred to fix your personal credit rating after your identity has been stolen.
Policy deductibles. A policy deductible is the amount you must pay before your home insurance policy will respond. For example, if your $2,500 laptop is stolen and the claim is subject to a $1,000 deductible, you pay $1,000 and your policy will cover the remaining $1,500. The higher the deductible you select, the lower the premium you pay on your insurance.
Below are the various deductibles that may apply. It's important to note that only one deductible applies per claim even if payments are made under multiple policy coverages. The type of loss will determine the deductible that applies.
Inland flood: This deductible applies to each insured loss resulting from an inland flood. Please note that not all areas are eligible for inland flood protection.
Glass: This policy protects against damage to glass that forms part of your home, including windows and sliding doors, subject to the standard deductible. For a small additional charge, you can eliminate the deductible for glass damage.
Comprehensive protection. At Square One, you get a comprehensive (all-risk) policy. That means you're protected against all types of loss, except for those listed in the exclusions. Commonly covered losses include break-ins, burst pipes, fires, theft, and more. Commonly excluded losses include coastal floods, repeated leakage, and wear and tear.
For complete details on what is and isn’t covered, please refer to your policy wordings or download our sample wordings.
Download sample policy wordingsMaking a claim. You buy insurance for peace-of-mind, so if you do need to make a claim we believe it should be simple and stress-free. that’s why all Square One customers are protected by our commitment to handling claims fairly: