Condo insurance discounts and savings
Comprehensive condo insurance doesn’t have to break the bank. At Square One Insurance Services, multiple discounts and savings can apply to your policy, helping you make your condo insurance more affordable. Discover how you can get a personalized and affordable condo insurance policy and start saving today.
If you’re a senior, you could save money on your condo insurance policy. Seniors often have fewer claims compared to other demographics.
At Square One, we think loyalty should be rewarded. That’s why, as a long-term customer, you’ll receive a loyalty discount that’s automatically added to your account at the time of renewal.
If you haven’t had a claim in the three years preceding the purchase of a new condo insurance policy, you could be eligible to receive a claims free discount. The longer you stay claims free, the more you can save.
Newer homes tend to have fewer claims. If your condo unit is new or only a few years old, your condo insurance premium may be lower.
The distance from your home to a responding fire hall, as well as to any fire hydrants, impacts your condo insurance premium. You may receive a lower premium if your home is located close to a fire station and a hydrant.
By paying your insurance premiums on time and avoiding any cancellations for non-payment, you could receive a lower premium on your condo insurance than those who do not pay on time.
An insurance score is determined by multiple factors that insurance providers use to calculate the risk involved with insuring you and your property. If you improve your insurance score, you could receive a better premium on your condo insurance over time. To learn more, visit A Guide To Understanding Your Insurance Score.
How are discounts applied to my policy?
Your discounts and savings are automatically applied during the quoting process. They are reflected in your premium when you buy and at the time of renewal. Unsure if you qualify for a discount? Call 1.855.331.6933 and a licensed agent will be happy to assist.
Want to save more money on your condo insurance policy? Here are 9 other ways you can save money on your policy payments.