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Condominium Insurance (2019)

Author: 
Toronto Condo News
Publication date:
August 19, 2019
Article Summary: 

This article discusses the importance of understanding the insurance policy maintained by a condo corporation and the need for residents to insure their personal property, including an annual inventory of assets. It also emphasizes the importance of third-party liability coverage and the need to protect against natural disasters, including water damage, which is the primary reason for insurance claims in Canada. Additionally, it explains the difference between replacement cost and actual cash value coverage.

Keywords: 

condo insurance, personal property, third-party liability, natural disasters, water damage, replacement cost, actual cash value.



Source Citation: 
Toronto Condo News
Condominium Insurance (2019)
August 19, 2019
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