Some recent incidents have underscored the importance of insurance. You should make sure you have a policy that covers your personal possessions as well as any improvements and renovations you have made to your unit. In the event of damage and irrespective of who was at fault, the Corporation’s obligation to repair will extend only to the Standard Unit definitions. In addition, your insurance may be required to cover the Corporation’s deductible.
The Condominium Act, particularly Sections 99 – 106, discusses insurance in condos. You should also be aware of our applicable Bylaws. You may access the Insurance Bylaw #7, and the Standard Unit Bylaw #8, through our Links page.
We will soon schedule a town hall or information session with an insurance expert. We hope to see you there.
Approved by the Board, CCC #82