Co-ownership with peace of mind.
Condo owners, you should know that your home is protected by two insurance contracts. In fact, your home is covered by the co-owner's policy as well as the syndicate of co- ownership's policy. The first protects your property, any improvements made to your condo, and civil liability. The second one also covers civil liability for the whole premises, in addition to the building itself.
Different types of condominiums
Divided co-ownership insurance
Also known as condominiums, these allow a building to be subdivided into portions. Some of these portions belong only to their owner: these are the private portions. The common areas belong to all the co-owners, in proportion. This is the case for the roof, the exterior walls or the land. A syndicate of co-ownership is responsible for the maintenance of the common areas.
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Undivided co-ownership insurance
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Water leak detector
Theft, fire and vandalism
Your condo is your castle. The place where you feel most secure. That’s why your condo insurance should allow you to know that you are truly protected. You can’t plan for everything, but you can make sure that you are well prepared in case something happens.
Different realities? Different options!
Depending on your reality and your risk tolerance, you may want to upgrade your coverage. You can add options to your basic coverage.
Legal protection option
Water damage option
To protect you in the event of damage caused by a broken water inlet or overflow, a leak or accidental sewer backup.
Relocation in case of disaster option
I'm renting my condo: how do I get insurance?
What is Bill 141?
Bill 141 was adopted on June 13, 2018. It amends the Civil Code of Quebec regarding divided co-ownership insurance. These changes involve, among other things:
- Mandatory civil liability insurance for co-owners;
- The establishment of a self-insurance fund to collect money for, among other things, financing work or repairs;
To learn more about Bill 141, you can consult the summary prepared by the Regroupement des gestionnaires et copropriétaires du Québec.
What is Bill 16?
Bill 16 was adopted by the National Assembly on December 5, 2019. Like Bill 141, Bill 16 amends the law for divided co-ownership in Quebec. It incorporates new provisions regarding building maintenance, the obligations of the board of directors or the co- ownership registry.
To learn more about Bill 16, you can consult the summary prepared by the Regroupement des gestionnaires et copropriétaires du Québec.
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