The insurance provisions in the Condominium Act, 1998 (“the Act”) override any conflicting provisions in an insurance policy or the Insurance Act

All condominium corporations in Ontario are required to obtain and maintain insurance for damage to the units and common elements caused by major perils or the other perils that the condominium corporation’s declaration or by-laws may specify. The Act requires that this insurance be replacement cost insurance, subject to a reasonable deductible.   Read the article…………..


Related Articles

Are You Rolling the Dice When Hiring a Contractor?

Experts believe you are taking a huge gamble if you have not completed a comprehensive background check on a contractor

Personality Checklist to Consider Before You Hire Your Next Property Manager

If you’re researching property management companies, chances are you’ve struggled to handle the maintenance of your property on your own

Elected to the Board…now what?

Now that you’re on the board, what is expected of you.   Read more……..