How much apartment insurance costs in Canada varies by province, coverage, and building, with average around $300 to $600 per year for tenants and $800 to $1,500 for condo owners. Apartment insurance in Canada includes tenant insurance or renters insurance for renters and condo insurance for owners, offered by insurers like Intact Insurance, headquartered Toronto, Canada, founded 1809, and Aviva Canada, and others, covering personal property, liability, and additional living expenses. For renters or tenant insurance for apartment in Canada, average cost around $25 to $50 per month or $300 to $600 per year for $30,000 to $50,000 personal property coverage and $1 million to $2 million liability, with low cost provinces like Quebec and Atlantic provinces around $250 to $400 per year and high cost provinces like Ontario and British Columbia around $400 to $700 per year due to higher replacement costs and liability risks. For condo owners apartment insurance, average cost around $70 to $125 per month or $800 to $1,500 per year for $50,000 to $100,000 personal property, improvements, and liability, plus loss assessment coverage, with higher costs in Vancouver and Toronto. Factors include location, building age, coverage limits, and deductible. So apartment insurance in Canada costs around $300 to $600 per year for renters insurance with $30,000 property and $1 million liability, and $800 to $1,500 per year for condo owners insurance, averaging $25 to $50 per month for renters.
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