Reply To: Any Opinions About Desjardins Insurance?

[jonfkleingmail-com]

Hi Terry,

Is there some liability risk to COFSAB if specific companies are discussed on the forum?

I believe you are correct. From what I understand Desjardins’ underwriting office prepares the condo corporation proposals and support the agents in this area. But the agent seemed to be quite knowledgeable also and said they prepare condo corporation proposals regularly.

I understand the number of providers has dwindled in the last 10 years. In fact yesterday Co-operators told me they got out of condo corp insurance in 2013.

FYI, I tried to find another company that direct writes insurance to condo corporations. I called seven of the common names that provide insurance to individual persons, like Desjardins. None of them did. So I think Desjardins is the only one.

Please spread the word!