Condo Insurance in New Brunswick: Unit vs Corporation Coverage
FCNB explains that condominium insurance differs from ordinary home insurance because the unit owner's policy and the condominium corporation's master policy protect different property interests. A useful review compares the unit interior, belongings, improvements and personal liability against the corporation's common-property coverage.
What to know
Use this as research context and verify the current policy wording for a real property, renewal or claim.
Use this as research context and verify the current policy wording for a real property, renewal or claim.
Use this as research context and verify the current policy wording for a real property, renewal or claim.
Use this as research context and verify the current policy wording for a real property, renewal or claim.
Start with the master policy
A unit owner needs to know where the corporation's insured responsibility ends before choosing unit limits. Building bylaws, declarations and master-policy deductibles can materially affect the household exposure.
Improvements can create a coverage gap
Renovated flooring, cabinetry or fixtures may not be treated the same way as the original unit specification. Keep records of upgrades and confirm how the unit policy responds.
Liability is separate from damaged belongings
A condo loss can involve personal property, unit improvements, damage to another unit and bodily injury. One incident can therefore activate several policy sections rather than a single generic condo limit.
Check the current New Brunswick source
Hazard maps, emergency guidance and insurance consumer information can change. Use the official source below before making a property or claim decision.
FCNB — Home and Tenant Insurance →