Contingent coverage insurance is for when there are damages to a unit and the condominium corporation either does not have insurance or has inadequate insurance.

Building bylaws insurance covers the additional costs of fixing a damaged building to comply with current bylaws or building codes.

Any upgrades to a standard unit (flooring, countertops, cabinets, etc.), whether by you or a previous owner, would be considered enhancements and are covered by your insurance.

It all depends on what coverage options you need! Condo insurance can depend on location, your personal property, as well as the value of your property.