Condominium = (Latin) (Con)Joint (Dominiom) right of ownership or possession
Types of developments in Ontario (as per Act 2001): Standard, Leasehold, Common Elements Condominium, Vacant Land, Phased
What you must insure: Personal Property, Unit Improvements and Betterments, Unit Coverage, Personal Liability, Loss Assessment Coverage for Property, Loss Assessment Coverage for Legal Liability.
Bylaws of the Condominium Corporation, Declaration state the boundaries of each unit. As a unit owner you are responsible to insure your investment. Check your By-laws and advise us when requesting a quote.
|