New Video: The Basics of Condominium Insurance

Condominium corporations in Ontario are required to arrange a base level of insurance for the benefit of all owners, covering the common elements and units.

The corporation’s insurance does not provide 100% coverage however, and only covers the ‘standard unit’. Owners normally arrange their own additional insurance for coverage beyond the corporation’s insurance for unit improvements as well as contents.

In our latest condo law video, ‘The Basics of Condominium Insurance,’ Nancy Houle, partner and practice group leader of the firm’s Condominium Law group, provides a brief introduction to condominium property insurance.