Co-ownership syndicate and insurance: know what to do
In Québec, co-ownership is an increasingly popular type of housing. In recent years, co-ownership insurance has been the subject of major reforms that focuses on the syndicate's responsibilities.
The syndicate of co-owners plays an important role to preserve the entire condo building. In the event of a loss, the syndicate must always take charge of damages to common and private portions.
Discover all essential information for a co-ownership syndicate, what the options are and our advice to make the right decisions if a loss occurs.
Summary
Insurance coverage
- Understanding condo insurance
- Syndicate insurance
- Syndicate deductible
- Description of the private portions
Managing a condo claim
- Claims settlement
- An uninsured loss occurs
- Payment options of syndicates
- Obligations and recourses of syndicates
- Apportionment following a claim
- Syndicate does not file a claim
- 8 things condo syndicates should know
- Understanding the description of the private portions
The 5 condo claims settlement situations
- Syndicate files claim with insurer
- Syndicate does not file a claim
- Insufficient insurance
- Absence of insurance
- Damage less than syndicate's deductible
Tools
- Inventory for establishing the description of a private portion [PDF] (Insurance Bureau of Canada)
- Divided co-ownership claims settlement process [PDF] (Insurance Bureau of Canada)
- Damage to the property insured by the syndicate [PDF] (Insurance Bureau of Canada)
- Settling divided co-ownership claims (micro-site) (Insurance Bureau of Canada)
Useful links
- Featured file: co-ownership insurance
- Co-ownership insurance (Insurance Bureau of Canada)
- Co-ownership in Québec (Insurance Bureau of Canada)
- Articles of the Civil code of Québec for divided co-ownership
- Condominium - divided co-ownership (Chambre des notaires du Québec)
- Tout savoir sur l'assurance copropriété (Chambre des notaires du Québec) In French only
