{"id":2373,"date":"2025-08-16T17:26:17","date_gmt":"2025-08-16T17:26:17","guid":{"rendered":"https:\/\/www.langelierassurances.com\/condominium-insurance-demystifying-the-differences-between-private-and-common-portions\/"},"modified":"2025-08-16T17:26:17","modified_gmt":"2025-08-16T17:26:17","slug":"condominium-insurance-demystifying-the-differences-between-private-and-common-portions","status":"publish","type":"post","link":"https:\/\/www.langelierassurances.com\/en\/condominium-insurance-demystifying-the-differences-between-private-and-common-portions\/","title":{"rendered":"Condominium insurance: Demystifying the differences between private and common portions!"},"content":{"rendered":"

CONDOMINIUM INSURANCE: WHAT EVERY CONDOMINIUM OWNER NEEDS TO KNOW<\/span><\/h4>\n

Have you just bought a condo and are wondering how to insure it properly? Condominium insurance has two complementary components: <\/span><\/p>\n

    \n
  1. L’<\/span>co-owner’s insurance<\/b> (private portion)<\/span>
    \n<\/span><\/li>\n
  2. L’<\/span>syndicat de copropri\u00e9t\u00e9 insurance<\/b> (common areas and structure)<\/span>\n

    <\/span><\/li>\n<\/ol>\n

    Understanding this distinction is essential to properly protect your real estate assets.<\/span><\/p><\/blockquote>\n

    1. CO-OWNER’S INSURANCE<\/span><\/h5>\n

    This insurance covers :<\/span><\/p>\n

      \n
    • Your <\/span>chattels<\/b>
      \n<\/b><\/li>\n
    • Your <\/span>civil liability<\/b><\/li>\n
    • <\/b>The <\/span>leasehold improvements<\/b> made to your unit (by you or previous owners)<\/span>\n

      <\/span><\/li>\n<\/ul>\n

      WHAT IS TENANT IMPROVEMENT?<\/span><\/h5>\n

      This refers to any modification to the original condition of your unit. To determine what constitutes an improvement, consult the declaration of co-ownership and the initial plans of the building, which the syndicate is required to keep and make available under article 1070 of the Civil Code of Qu\u00e9bec. <\/span><\/p>\n

      Note that :<\/span><\/p>\n

        \n
      • Any major improvements must be declared and approved by the syndicate.<\/span>
        \n<\/span><\/li>\n
      • It is important to distinguish between <\/span>improvement<\/b> (addition) from a simple <\/span>maintenance<\/b> (equivalent replacement).<\/span>
        \n<\/span><\/li>\n
      • Your <\/span>condo insurance<\/b> should reflect these improvements to guarantee full compensation in the event of a claim.<\/span>\n

        <\/span><\/li>\n<\/ul>\n

        2. SYNDICATE INSURANCE<\/span><\/h5>\n

        Often referred to as “the shell”, this insurance covers :<\/span><\/p>\n

          \n
        • The <\/span>common areas<\/b> (corridors, elevators, lobbies, etc.)<\/span>
          \n<\/span><\/li>\n
        • The <\/span>structure of each private unit<\/b> (walls, floors, ceilings, windows)<\/span>
          \n<\/span><\/li>\n
        • The <\/span>assets<\/b> (outdoor furniture, maintenance equipment)<\/span><\/li>\n
        • The <\/span>civil liability of the syndicate<\/b>
          \n<\/b><\/li>\n
        • The <\/span>directors’ liability<\/b>\n

          <\/b><\/li>\n<\/ul>\n

          The syndicate has a legal obligation to :<\/span><\/p>\n

            \n
          • Insurance covering the usual <\/span>usual risks<\/b>
            \n<\/b><\/li>\n
          • Cover the<\/span>at 100% of its reconstruction value<\/b>
            \n<\/b><\/li>\n
          • Use the original <\/span>original contractor’s plans and specifications<\/b> to define the roof<\/span>\n

            <\/span><\/li>\n<\/ul>\n

            In the event of a claim, both policies (co-owner and syndicate) can intervene. That’s why it’s essential to check your home insurance contract and find out about the syndicate’s coverage. <\/span><\/p>\n

            KEY FACTS<\/span><\/h5>\n

            Condominium insurance is more than just a contract: it’s a shared form of protection. <\/span> between you and your union. To avoid unpleasant surprises: <\/span><\/p>\n

              \n
            • Choose a <\/span>condo insurance product<\/b> adapted<\/span>
              \n<\/span><\/li>\n
            • Get involved in your union<\/span>
              \n<\/span><\/li>\n
            • Consult a <\/span>home insurance broker<\/b> to validate your coverage<\/span>\n

              <\/span><\/li>\n<\/ul>\n

              In the event of a claim, your assets are at stake. It’s better to be well informed… and well insured! <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

              Have you just bought a condo and are wondering how to insure it properly? Condominium insurance has two complementary components: <\/p>\n","protected":false},"author":3,"featured_media":2372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"Condominium insurance: understanding private and common areas","_seopress_titles_desc":"Condo insurance: discover the difference between private and common portions, your obligations and the importance of a home insurance broker.","_seopress_robots_index":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-2373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-insurance"],"_links":{"self":[{"href":"https:\/\/www.langelierassurances.com\/en\/wp-json\/wp\/v2\/posts\/2373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.langelierassurances.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.langelierassurances.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.langelierassurances.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.langelierassurances.com\/en\/wp-json\/wp\/v2\/comments?post=2373"}],"version-history":[{"count":0,"href":"https:\/\/www.langelierassurances.com\/en\/wp-json\/wp\/v2\/posts\/2373\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.langelierassurances.com\/en\/wp-json\/wp\/v2\/media\/2372"}],"wp:attachment":[{"href":"https:\/\/www.langelierassurances.com\/en\/wp-json\/wp\/v2\/media?parent=2373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.langelierassurances.com\/en\/wp-json\/wp\/v2\/categories?post=2373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.langelierassurances.com\/en\/wp-json\/wp\/v2\/tags?post=2373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}