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When Insurance Is No Longer Insurance

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

This blog discusses the increasing frequency of insurance claims in condominiums and the impact it has on insurance rates and coverage. The article highlights some of the reasons for this trend, including severe weather events, aging buildings, and inadequate maintenance. It suggests that insurance providers are becoming more cautious in insuring condominiums, resulting in higher rates and reduced coverage. The blog also emphasizes the importance of understanding the details of insurance policies, including deductibles and exclusions, and suggests that boards should work with their insurance brokers to ensure that they have adequate coverage. Overall, the blog emphasizes the need for proactive maintenance and risk management to minimize insurance claims and maintain affordable insurance rates.


: insurance claims, condominiums, rates, coverage, severe weather events, aging buildings, maintenance, insurance providers, deductibles, exclusions, insurance policies, boards, brokers, risk management.

Source Citation: 
Toronto Condo News
When Insurance Is No Longer Insurance
June 24, 2020
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