Condo Chat: Condo Insurance Chat

Condominium insurance can be confusing, but it’s critical for protecting both the corporation and individual owners. In this session, we’ll break down the difference between condo corporation insurance (which typically covers the building structure, common property, and sometimes original unit fixtures) and unit owner insurance (which covers personal belongings, upgrades, liability, and deductible assessments).

We’ll also cover:

• Recent changes in Alberta’s condo insurance requirements.
• Common pitfalls boards and owners face with claims.
• Deductible responsibilities and special assessments.
• Best practices for boards when reviewing their insurance policies.
• How owners can make sure their personal coverage aligns with the corporation’s policy.

The goal is to clear up the “who covers what” confusion, reduce risks, and help both boards and owners avoid expensive surprises

HUB International Ltd

Our Sponsor: HUB International Ltd