Condo Owners Forum

"It's about community. It's about bringing people together. It's about creativity and service. It's about making the community in which we live a really good place to be." - In Miscellaneous Quotes, by Andy Stoll

Home COFSAB Forum Finances 2022 – 2023 Insurance Quotes Reply To: 2022 – 2023 Insurance Quotes

  • Michelle J Lucente

    December 20, 2022 at 11:02 am

    Hi all

    Agree that condominiums should be getting appraisals at least every second year to ensure they are insured properly.

    Insurance is about risk and condominiums are deemed high risk, as traditionally we haven’t managed the buildings & equipment, finances, or community well. The Insurance Bureau of Canada recommends working with a Risk Manager.

    The condo I live in went from ~30K$/year for insurance to ~215K$ for insurance over 6 years, so yes costs are skyrocketing.


    Please spread the word!

    Reply To: 2022 – 2023 Insurance Quotes

Verified by MonsterInsights