Insurance

Factsheets

19 Articles

Civil liability insurance of the co-ownership manager

The day-to-day administration of the co-ownership may be entrusted to a co-ownership manager who may or not be chosen from the co-owners; thus, the syndicate can delegate to the co-ownership manager other tasks and responsibilities that are generally handled by the board of directors such as the collection of claims, the publication of a notice regarding a  legal hypothec on the fraction of the defaulting co-owner as well as to institute legal proceedings for all matters concerning its administration. In brief, the task management of the co-ownership…...

Insurance

Civil liability insurance of the directors

The director plays a leading role in a co-ownership; as a mandatary of the syndicate of co-owners, he ensures the smooth running of the immovable’s day to day business which implies a working knowledge of the tasks related to this function. As such, directors must act with prudence, diligence, honesty and loyalty because they evolve in a legal environment where their civil liability can be sought as part of their mandate on behalf of the co-ownership as well as towards third party…...

Insurance

Civil liability insurance of the meeting officers

The appointment of meeting officers is necessary to hold a meeting of co-owners. The titles that can be occupied by the meeting officers are as follows: president, vice-president, secretary and scrutineer; although the functions of each of these roles are distinct, their purpose is to ensure that the debates are properly conducted and that they are transcribed in the minutes in order to record the decisions that were taken. The by-laws of the immovable (second part of the declaration of co-ownership)…...

Insurance

Construction insurance

Article 1039 of the Civil Code of Quebec provides that the community of co-owners, as a legal entity, has the mission of preserving the building, maintaining, and managing the common portions. This article also states that the syndicate of co-owners must ensure the execution of the necessary work to prevent the deterioration of the building's common portions. Furthermore, it specifies that the syndicate has a legal obligation to uphold these duties diligently. In case of default,…...

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Insurance of horizontal co-ownership

Whether semi-detached or row, the townhouse is a good compromise between the typical co-ownership apartment and the single-family home. This type of project is established in "horizontal co-ownership". Each of the fractions is composed of a private portion (usually a house) and a share of common portions (the land). Each co-owner is the owner of his private portion "from nadir to zenith", while the common portions are usually limited to traffic lanes, parking lots and certain…...

Insurance
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Insurance of the manager

The tasks of the condo manager are numerous. The latter may be mandated to manage the immovable, and thus ensure its preservation and maintenance; implement the decisions of the board of directors; settle major losses, take out the insurance required for your syndicate, but also to enforce the by-laws of the immovable. Therefore, his civil liability may be invoked. If he is at fault, he is exposed to recourses or claims for compensation, whether by…...

Insurance

Insurances of the co-owner

As a co-owner, you may face a multitude of risks for which it is in your best interest to be insured. You have the legal obligation, just like the syndicate of co-owners, to take out at least liability insurance, which covers unintentional damage caused to others. In addition to this mandatory coverage, it is recommended to take out supplementary insurance. For example, the insurance covering improvements made to a private portion protects the additions made…...

Insurance

Legal expense insurance

Legal expense insurance is an essential protection for co-owners offering partial or full reimbursement of lawyers' or notaries' professional fees with the objective of preventing or resolving a dispute; although this insurance has conditions, deductibles and limits, it can be a major asset in the event of a conflict. Insurance companies offering this type of coverage (guarantee) may recommend legal professionals but can't impose a choice. It is important for co-owners to carefully review their policy to understand…...

Insurance

Lessee’s insurance

With the increasing presence of tenants in divided co-ownership buildings, it is essential for all stakeholders to fully understand the issues related to insurance coverage. Unlike in other countries, Quebec law does not require tenants to purchase “home insurance”, which would cover their belongings and civil liability in the event of a loss. This lack of obligation can pose a problem if a tenant causes damage and is not insured. In such a situation, the…...

Insurance
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Title insurance and legal hypothecs

You move into your new condo. A few weeks later, a bailiff knocks on your door and serves upon you a notice of preservation of a legal hypothec of construction. He also served all your neighbors. Reading this document, you learn that a dispute remains unresolved between the developer and a construction contractor (or subcontractor), concerning work performed or materials furnished that have not been paid by the contractor. Often, these problems are resolved through the…...

Insurance
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