Condominium Insurance on the Rise!

Posted on December 4, 2021December 8, 2021Tags ,

The increase in rates will affect the corporation/association (property/general liability) and the individual owners (household contents, betterments/improvements and liability). Why are Condo insurance rates going up? The factors helping drive up condo insurance rates in Canada in the last number of years are compounded by the costs of climate change and the pandemic.  There has been a higher volume of claims related to more frequent severe weather events and by the surge in building material costs. Wally McNeilly, a broker … Continue reading “Condominium Insurance on the Rise!”