Condo Insurance

Purchasing a condo is one of the most important financial decisions you can make, and protecting it is a must. This means you’ll need to make sure you have the right insurance coverage. Condo associations generally take care of insuring common areas, while your responsibility is insuring your unit and its contents.

Condo insurance covers owners for a wide variety of different kinds of losses, including damage to their belongings and to any upgrades they add to their unit. The policy includes liability coverage for lawsuits brought against the policyholder if they accidentally injure another person or damage someone’s personal property.

Have a look at some of the coverages we have available and then talk with one of our knowledgeable brokers that will help build your insurance policy with you:

Contents coverage

This type of coverage helps you replace the items in your home after an insured loss, such as those due to theft, water damage or fire damage. Plus, it provides coverage for your belongings when temporarily removed from your home, such as when you’re travelling.

Third-party liability coverage

This coverage protects you if you’re sued for having injured another person or damaged another person’s personal property. As with contents coverage, your liability coverage follows you wherever you go.

Improvements and betterments coverage

This type of insurance covers any upgrades or additions to your unit, such as upgraded flooring, countertops or kitchen cabinets. The condo corporation’s insurance policy won’t cover these kinds of improvements, even when a previous owner made them. In the case of bare land condominiums, the condo corporation may require you to insure the part of the structure you occupy. These complexes may look more like neighbourhoods of single-family homes, but they operate in the same manner as a conventional condominium.

Loss assessment coverage

Loss assessment is insurance coverage for condo owners that protects situations when you, as an owner of a shared property, like a condominium or co-op, are held financially responsible for a portion of the costs for deductibles or damage to the building or the shared areas of the property.

Additional Protection for the Condo Structure

There may be a circumstance that your condominium corporation has no insurance on your unit, insurance is not sufficient or the insurance does not cover what has occurred. Your policy also includes additional protection coverage, which is generally 250% of your insured contents limit.

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We work hard to make the buying process simple and efficient for our clients. Every client is important to us, no matter the size - we have a wide range of insurance markets available so let us do the shopping for you.

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Why Our Clients Choose Us

Our Mission

At Fast Insurance, we’ve been serving satisfied clients since 1967. Our team is qualified to advise you on a wide range of insurance matters. Whatever your insurance need, we can provide both protection and peace of mind.

Staff have always been professional, thorough and patient in my contacts with them. They have always provided the information requested in a timely manner that’s easy to understand.


Fast Insurance
1115 St. Mary's Rd
Winnipeg, MB R2M 3T7

Phone: 204-256-4051
Fax: 204-257-1280

Hours of Operation

Monday-Thursday: 8:30am - 5:00pm
Friday: 8:30am - 4:30pm
Saturday: CLOSED
Sunday: CLOSED