Condo Act Alberta Insurance at Car Insurance

Condo Act Alberta Insurance. The standard condominium corporation is required to cover all of the insurable property of the corporation both real and personal, all of the units and in most cases unit owner improvements and. By way of example, ontario’s condominium act, 1998 (the condominium act) is the main source of legislation governing the insurance of.

Creb® | Reducing Risk: Recent Change To Condominium Insurance Regulations  Could Benefit Alberta Owners
Creb® | Reducing Risk: Recent Change To Condominium Insurance Regulations Could Benefit Alberta Owners from www.creb.com

To further complicate things, there have been some recent legislation changes made that may affect your policy. For more details and information click here to view the. While it’s not mandatory under the condominium property act or regulation to have insurance to cover insurance deductibles, a condo board can.

Creb® | Reducing Risk: Recent Change To Condominium Insurance Regulations Could Benefit Alberta Owners

Corporations that do not currently have this coverage will be required to purchase at the next renewal of their current policy. According to condo law alberta : This is the perfect time to review your policy to ensure that you have the. In recent years, the number of claims filed by strata and condominium corporations has increased quite significantly.