Condo living is the life, and is catching on big time in New Brunswick! Whereas buying a condo might not have even been a consideration for the majority of our population even just a decade or so ago, nowadays it seems like sometimes builders can’t put them up fast enough. From young professionals who want extra time to focus on getting their careers going, to “boomers” who are looking to downsize, condo living is often viewed as a best-of-both-worlds option in between ownership versus renting.
Not your standard property insurance policy
For all the life-simplifying benefits of condominium ownership, condo insurance in New Brunswick can be rather complex to the untrained eye. Like condos themselves, the policies to insure them are a bit of a hybrid between a homeowner’s policy and tenants insurance. Since there are multiple policies involved in ensuring a condo is properly covered, we often get questions along the line of; “Whose responsibility is it to insure that part of it?” Fortunately, we have the answers, as we’ve been doing condominium insurance in New Brunswick long before it became fashionable! We have access to a number of insurance companies who insure condo. Some of the unique considerations when it comes to condo insurance:
