Keyword
condominium
B.C. report says condo insurance market ‘unhealthy,’ premiums up 40 per cent
June 16, 2020 THE CANADIAN PRESSVANCOUVER – A report commissioned by the B.C. government says insurance premiums for condominium buildings have increased by as much as 40 per cent year over year while deductible costs have tripled. Blair Morrison, chief executive officer of The B.C.…
Aviva loses battle in faulty workmanship exclusion dispute
May 5, 2020 by Greg MeckbachThe application of faulty workmanship exclusions continues to be a subject of disagreement among judges, a Court of Appeal of Alberta ruling from last week shows. The Court of Appeal of Alberta recently found that if a construction contractor causes…
Condo Coverage Crisis
March 1, 2020 Jeff BucksteinHow market pressures and climate issues are combining to reduce the availability of insurance to condo corporations
This commercial line’s hard market has reached ‘crisis’ point
January 29, 2020 by Greg MeckbachThe difficulties some condominium corporations are having in finding insurance has reached a “crisis” Canada-wide, a lawyer told a committee of Ontario legislators looking at proposed changes to the province’s condominium law. “We’re facing a condominium insurance crisis across the…
What happens if a condo client’s marijuana use offends the neighbours?
January 28, 2020 by Greg MeckbachWith the legalization of recreational cannabis, what happens when there is a dispute between neighbours in a condominium and how does a condo corporation or board handle it? A lot of condominium corporations have passed rules around odours, says Armand…
How this paperwork accident gave condo dweller stamp collection coverage
March 7, 2019 by Greg MeckbachFor insurance professionals who put together renewal packages, some mistakes are worse than others. A case in point is sending a “quality package” that refers to a different kind of policy, rather than the policy you are renewing for the…
Courts examine how condo corporations recoup common-area repair costs
October 17, 2018 by Greg MeckbachA dispute between a condominium corporation and a unit owner – ultimately arising from frozen water pipes – has landed at the Supreme Court of Canada. In 2015, the condominium board of the Erindale Village complex passed a resolution requiring…
Ontario should adopt ‘multi-provider insurance system’ for new home warranties: Cunningham
April 3, 2017 by Canadian UnderwriterWarranties that new homes in Ontario are free from defects should be available from multiple providers and treated as insurance products, former judge J. Douglas Cunningham recommended in a recent report. Warranty coverage currently available from Tarion Warranty Corp. “should…
Unica Insurance launches single-solution coverage for water damage losses in Ontario
October 5, 2016 by Canadian UnderwriterMississauga, Ont.-based Unica Insurance announced on Wednesday the launch of WATERtight protection, what it is calling “a comprehensive solution for water damage losses.” WATERtight protection is a single-product offering that provides coverage for damage caused by overland flooding, ground water,…