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 Legislation, Bylaws and Rules Questions About Default Bylaws Reply To: Questions About Default Bylaws

  • Karen Bennett

    Member
    April 10, 2022 at 4:48 pm

    jonfklein@gmail.com

    @MarkH-2

    OK, it seems there was a misunderstanding there.

    When I asked “Would they simply contact an insurance broker and ask for an insurance package meeting the requirements of the CPA&R?” I was referring to the condo board, not individual owners.

    In other words, if the board was using the default bylaws, which don’t have an insurance section, how would they specify the corporation’s insurance requirements to an insurance broker? Would they simply phone up an insurance broker and say ‘Give me a quote for an insurance package meeting all of the CPA&R requirements”?

    This must be possible somehow because new condominiums use the default bylaws until they are replaced by special resolution with something else, and they would be required to have insurance during this time.

    Please spread the word!
Verified by MonsterInsights