Alberta Condo Insurance Crisis at Car Insurance

Alberta Condo Insurance Crisis. Condo insurance rates are rising tremendously and will continue to rise in 2020, with many owners and renters calling for an affordability crisis. Although they sound similar on the surface, a condo corporation policy and condo owners’ insurance are very different.

How Could This Be Possible?' Fort Mcmurray Condo Board Struggles To Find  Insurance | Cbc News
How Could This Be Possible?' Fort Mcmurray Condo Board Struggles To Find Insurance | Cbc News from www.cbc.ca

Government still unable to provide dates for implementation of reforms promised last summer to bring. This protects the corporation, the board members, and the condo owners from damages. Rudy petershofer | other articles by audrey loeb, e.

How Could This Be Possible?' Fort Mcmurray Condo Board Struggles To Find Insurance | Cbc News

Pursuant to the condominium property act, condominium corporations in alberta must have an insurance policy. And alberta and a nine per cent jump in. Ad get renter's insurance online right now! Effective january 1, 2020, condominium corporations will be able to seek recovery of the deductible portion of the corporation’s insurance claim (up to a maximum of $50,000) from an owner for damages that originate from the owner’s unit or privacy area.