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Additional premium required by the insurer in the case of a change occurring during the contract or at the occasion of the renewal and having the effect of increasing the risk or to increase the undertakings of the insurer.
25/05/2024
The additional premium is a premium that is added to the existing premium. It results from a worsening of the risk or from the assumption of a new risk. This additional premium may be imposed during the course of a contract or upon its renewal. Risks are analyzed according to…...
25/05/2024
The insurance premium is the amount that the insured must pay, either monthly or annually, to benefit from the coverage provided by the iinsurance policy in case of a loss. It is a cost associated with the maintenance, upkeep, and administration of the building. Although the co-ownership syndicate is responsible…...
13/03/2024
Water damages are the leading cause of loss ratio in co-ownerships (condominiums); they are also becoming more and more expensive and so, whether it concerns the syndicates of co-owners or their insurers. For reference, over the past decade, the proportion of water damages has more than doubled in immovables of co-ownerships. In order to limit the…...
05/03/2024
The concept of water damage refers to the damages caused to property by the action of water; it can be a pipe that bursts because of the frost, the drain pipe of the washing machine that breaks or the bathtub that overflows. Water damages are probably the most recurrent problems in immovables in…...
09/08/2022
November 13, 2021 - Insurance premiums (usually) increase after a loss. But to what extent? And if an additional insurance premium is attributable to the co-owner who is responsible for it, under a regulation in force in a co-ownership, can his syndicate claim it? ...
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09/08/2022
A co-owner has repeatedly caused several water damages in our building, due to his negligence. This resulted in a surcharge for the syndicate's insurance. Question: Can the board of directors claim the full amount from the co-owner who caused the loss?...
17/06/2017
Renting your apartment to tourists, exposes you to various claims. This could be the case in cases where it is recognized that you are legally responsible for a guest who injures themselves or has their personal belongings damaged or stolen during their stay in your apartement. While some short-term…...