As a co-owner, you are responsible for purchasing home insurance for your condo, which covers the following:
In addition, make sure your condo insurance protects you against the risks to which you could be exposed in your condo, and those that may be required under your declaration of co-ownership.
You may well ask if co-owners need home insurance, since the condo corporation already has an insurance policy.
By law, co-ownership syndicates must draw up a description of the private portions of their buildings. Here are 8 Q&As to help you understand this requirement.
Be prepared. Download the Joint Report application!