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Concept introduced by the legislator into the Civil Code of Quebec, in 2018, to put an end to the practice under which the insurance policies’ deductibles of several syndicates of co-owners have been constantly increased. As a result, co-owners bear an increasing portion of the reconstruction costs that should have been covered by the syndicate’s insurance. The Government may, by regulation, determine cases in which a deductible is considered unreasonable.
01/07/2024
A bathtub or a washing machine that overflows into the apartment below, a water heater that conks out and spills down six floors: losses involving the civil liability of a co-owner are many co-ownerships. And they are expensive! This is why the amount of insurance premiums and deductibles have increased significantly in…...
25/05/2024
After being victims of a loss, the members of the board of directors and the affected co-owners are often caught off guard. How will things unfold? There is no need to worry or panic, because in principle, once the notice of loss completed, various stakeholders get involved: the insurer of…...
25/05/2024
Most insurance policies include deductibles, with amounts varying based on the insured risk. For example, the deductible for water damage is generally higher than that for fires. The purpose of the deductible is to make the insured responsible by having them cover part of the repair costs for damages caused by…...
27/04/2024
The law obliges syndicates of co-owners to insure their immovable; the majority of declarations of co-ownerships also have such requirement. This can be explained by the syndicate's main objective which consists to ensure the preservation of the immovable and its longevity; this is why the legislator has given to the syndicate an insurable interest and has made it…...
18/03/2024
In a divided co-ownership, most storage water heaters (electric or gas) play an essential role in the daily comfort of residents; typically installed inside the apartments, these devices are considered to be part of the private portions thus falling under the individual responsibility of each co-owner and so, it is imperative for them to ensure…...
10/05/2021
10 mai 2021 — Le non renouvellement des contrats d'assurance, en copropriété, n'est plus un phénomène rare. Le syndicat de copropriétaires du 9775 boulevard de l’Ormière (Immeubles H.S.F. et Maison Martin-Matte), à Québec, est l’une des victimes de cette tendance, qu'ont les assureurs, à larguer leurs assurés dont l'historique de…...