top of page
< Back

General Building Operations

Save this article  > 

Insurance Registry – Risks of being uninsured

Toronto Condo News
Publication date:
October 24, 2020
Article Summary: 

Insurance plays a vital role in condo communities, and failure to adequately insure can have serious repercussions throughout the building and among neighbors. Maintaining an insurance registry is an effective way to monitor who has proper insurance, what is insured, and when coverage expires. The responsibility of insuring units lies with owners and tenants, and failure to maintain insurance risks not being able to restore the unit to its condition prior to damage. One unit owner's failure to maintain adequate insurance coverage and causing damage to other units passes liability to those who are insured, including the condo corporation. Insurance protects against accidents occurring in your unit and those occurring in other units that affect you.


Insurance, condo communities, insurance registry, owners, tenants, liability, coverage, damage, common areas, accidents.

Source Citation: 
Toronto Condo News
Insurance Registry – Risks of being uninsured
October 24, 2020
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page