AdministratorApril 10, 2022 at 9:20 am
Thanks Terry, I was hoping there would be more of a movement in lobbying the government into some form of regulation. I am fully aware of “claims” and the cost to insurance companies. I firmly believe our governments have to become “partners” in solving the issue as the day will come, and its not that far down the road, where condo corporations will not be able to get insurance. We currently have “good” insurance here however have been forewarned once our building (via appreciation) hits the $40 million mark, we will not be able to get insurance as the industry (this is what they tell us) does not want to “expose” the underwriters to that size of a risk. It is getting difficult to even get several companies to “split” the risk!