Insurances of the syndicate

A co-ownership may face a multitude of risks such as fires, water damages, break-ins and acts of vandalism. In the event of a loss, the co-ownership's insurance plays an essential role in ensuring its sustainability and so, by covering not only the immovable itself but also the civil liability of the syndicate of co-owners. It is imperative for any syndicate to conclude a suitable insurance, a requirement stated in the Civil Code of Québec and reiterated by the majority of declarations of co-ownership. The insurance contract specifically details the coverages (guarantees) offered, including limits and exclusions as well as the applicable deductibles.

The following insurances must be taken out within a co-ownership:

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