Timely maintenance and improvements will play an important role in securing favourable coverage terms and avoiding delays in the renewal process.

Condos are ideally designed to operate with relative simplicity and in a well-managed complex there is a measure of security and community.

Freehold or lot line condos carry unique maintenance obligations, and this is where confusion over insurance can set in.

There are many reasons why switching providers is in the best interests of the condo, but there may be hidden risks. Unbeknownst to many policyholders, changing insurers can create a gap in coverage that can expose the corporation to significant financial consequences.

Since 2018, the AQRC says that co-owners have been paying for necessary restorations, instead of insurers, due to a poor legislative change.

How can condo corporations handle losses that are below their deductible?

The insurance crisis in condominiums is affecting how boards are planning for disasters in Ontario.

Impacts of the hard insurance market are trickling into condominium corporations across Canada, challenging boards and managers in their wake.

Those who have not passed a standard unit bylaw are placing a heavy burden on the corporation’s insurance to repair an insurable loss.

Condo boards and residential landlords in Fort McMurray and surrounding flood-stricken areas will have until August 5 to apply for provincial funding to help cover uninsurable damage.