What Condo Insurance Misses
The condo corporation's master policy usually covers ONLY the building shell and common areas. It does not protect your specific unit's interior, your personal improvements (like high-end flooring or cabinetry), or your personal liability as a landlord. Many investors mistakenly assume they are fully protected by the building's policy, leaving a massive gap in coverage for their most valuable asset.
What You Need as a Condo Landlord
Securing your investment requires coverage that goes beyond the building's outer walls, specifically tailored for unit owners who rent to others.
Unit Protection
Covers your specific unit's walls, floors, and cabinetry, along with any high-end improvements or upgrades that increase your rental value.
Liability
Shields you from costly legal fees and medical expenses if a guest or tenant is injured inside your unit, protecting your broader investment portfolio.
Tenant-Related Coverage
Offsets lost rental income if a covered disaster makes the unit uninhabitable, ensuring your cash flow remains steady during repairs.
Real Risks Condo Landlords Face
Being a condo investor comes with unique liabilities that standard building policies simply don't address. Protect your investment against these common scenarios.
Water damage between units
A pipe burst in your unit floods the neighbor below. While the building structure is covered by the corporation, the damage to your unit's flooring and the neighbor's property is your financial responsibility.
Tenant-caused damage
A tenant accidentally starts a kitchen fire. The master policy won't pay for the premium finishes or custom cabinetry you installed as an upgrade to attract high-end renters.
Liability inside the unit
A guest of your tenant slips and falls inside the unit. You can be named in a lawsuit as the property owner, and without specific landlord liability coverage, your personal assets are at risk.
Why Truly for Condo Landlords
We bridge the gap between building policies and your private investment with coverage built for the Canadian market.
Speedy Claims: Real-time updates and direct support to get your rental back on track fast.
Clarity First: No jargon—just clear, transparent terms so you know exactly what’s covered.
Tailored Coverage: Custom policies designed specifically for the unique risks of Canadian condo investors.