116 articles for vacant
Vacant retail and office space: How to advise clients on this post-pandemic trend
May 12, 2023 Philip PoradoWith office vacancy rates rising in many Canadian cities, brokers need to coach building owners on the need to manage their insurance obligations. A 2023 Q1 report from commercial real estate firm Coldwell Banker Richard Ellis (CBRE) Canada notes, “The…
Empty nest: How to talk to your clients about vacant home policies
September 29, 2021 Brooke SmithClients may need a vacant home policy for several reasons. “The most common one right now is people purchasing properties and looking to either improve them or completely rebuild,” said Rhys Doiron, group home & auto coordinator with Ontario brokerage…
APOLLO now offers buy-online insurance for Vacant Property
August 31, 2021 APOLLO InsuranceVANCOUVER, BC, AUGUST 31, 2021/insPRESS/ – APOLLO Insurance, Canada’s leading online insurance provider, is excited to announce its Vacant Property Liability package. APOLLO’s new product is designed for both residential and commercial vacant properties. Brokers can now offer their clients…
Burns & Wilcox Canada Provides Coverage for Vacant Buildings
September 3, 2013 Burns & Wilcox CanadaOffers peace of mind for building owners Toronto, ON [September 3, 2013] – Burns & Wilcox Canada today introduced a new specialty product offering protection to property owners from risks associated with vacant buildings. Vacant Building Coverage, being offered as…
Proper notification of vacancy does not result in insurance coverage for vandalism of vacant property: Saskatchewan court
September 29, 2010 by Canadian UnderwriterThe Queen’s Bench for Saskatchewan has upheld an insurer’s policy that excludes coverage for vandalism on a “vacant” property, despite the policyholders’ claim the policy remained in force because he had told the insurer about the vacancy within the 30-day…
Quebec lender ending new mortgages in flood zones. Is insurance next?
March 15, 2024 Morgan Lowrie - The Canadian PressQUEBEC — Nearly five years after floods raced through hundreds of Quebec communities and forced thousands from their homes, a major lender’s decision to stop issuing new mortgages in flood zones is the latest challenge for cities trying to adapt…
Markel Canada Limited Appoints Director, Underwriting & Oversight
February 5, 2024 Markel Canada LimitedVoir français ci-dessous TORONTO, ON, FEBRUARY 5, 2024/insPRESS/ – Markel Canada Limited, a leading underwriter of casualty, professional, environmental and specialty insurance announces the appointment of Antonin Jirou-Najou as Director, Underwriting & Oversight. Antonin joined Markel in 2021 as…
How Cat modelling can help your real estate clients
December 8, 2023 by David GambrillWith so many NatCats affecting the real estate property insurance sector, catastrophe (Cat) modelling is becoming a fixture for clients seeking coverage in a tightening market, a Hub International report states. “Catastrophe (CAT) modeling is…becoming essential in real estate resiliency,”…
‘Vacancy’ confusion in a home insurance policy: what the court said
November 29, 2023 by David GambrillA Nova Scotia court awarded more than $225,000 against a home insurer after its telephone agent placed coverage for a couple’s newly purchased house, when in fact it was unclear if the property was vacant, thus triggering a policy exclusion…
How insurance helps when converting office buildings to housing
September 29, 2023 Philip PoradoCanada’s housing crisis has deepened since the start of the COVID-19 pandemic. And when office vacancy rates across Canada topped 17% in 2022 Q4, calls grew louder to convert some of that unused commercial space into residential units. What’s more,…
What downtown ghost towns mean for commercial coverage
June 2, 2023 Philip PoradoVaccines have blunted the worst edge of COVID-19, and that has employers urging workers to come back to pricey office space in Canada’s downtowns – if only once or twice a week. But a high percentage of office workers aren’t…
Residents of Quebec town still struggle with aftermath of 2019 flooding
May 1, 2023 Morgan Lowrie - THE CANADIAN PRESSSAINTE-MARTHE-SUR-LE-LAC, Que. – Sylvie Bechard had only owned her little brick house for six months when her neighbour came banging on her door on the night of April 27, 2019. The dike holding back the Lake of Two Mountains had…