Insurance

insurance

What’s next for condominium insurance?

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

Mitigating the risk of property crime

While 2020 boasted the lowest property crime rate in more than 50 years, crime rates have not continued to sink since then.
condo

Actuaries garner new insight into condo finances

The Canadian Institute of Actuaries’ latest insight statement on the longevity of condo infrastructure explores several risks.
tornado

Tornado research uncovers risks for homeowners

Canada’s tornado risk is more widespread than once thought, according to a growing body of research that, for the first time, tracks the occurrence and aftermath facing property owners across the country.
tenant

Rental demand spotlights tenant relationships

As condos supply the surging demand for rental housing many corporations may be experiencing a rise in tenant-occupied units.
business

When owners open a home-based business

From ensuite take-out resto to teaching downward facing dog in the common areas, here’s the lowdown on this trendier work-from-home shift, with some legal and insurance tips.
BOMA BC energy

Greening Ontario’s housing sector

Ontario’s housing sector emits more greenhouse gas emissions than any other province, primarily due to its high population rate. In the province, residential buildings are
insurance

The hidden risks of switching insurers

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.
insurance

Snow and ice contractors brave insurance blizzard

Contractors working in the snow and ice management industry are facing a blizzard of challenges on the insurance side, or what many are calling a crisis.
ACTO

Directors and officers coverage poised for change

Protecting your condo board is critical, and directors and officers coverage is just one component of that.
condo collapse

Could a Florida condo collapse happen in Ontario?

How would this scenario unfold in Ontario? Leaving aside the construction process itself, there are vast differences between Ontario and Florida condominium laws that would have given the Champlain towers significant added protections following registration.
real estate

Insurance crisis affecting reserve fund planning

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

Budgeting the unknown amid a pandemic

Condo corporations are facing new budgeting challenges in 2020. Planning for unexpected and increasing expenses is difficult to anticipate.
condo board

When a condo board becomes interim manager

When most people run for the condo board of directors, the last thing they imagine is a situation where they’re actually running the condominium.
Documenting evidence

Documenting evidence in condos amid COVID-19

Condominium property managers should be documenting evidence in the coming months due to losses and claims amid the pandemic.
warranty coverage

Maximizing common element warranty coverage

An engineer offers tips for maximizing common element warranty coverage to get construction deficiencies resolved in new condo complexes.
SAC bond

Many condo insurance claims arise from liability

Experience as an insurance broker specializing in the condo segment shows that the majority of claims arise from liability.