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However, if someone is injured in your unit, the liability coverage on your condo insurance or co-op insurance could pay. Injuries and subsequent legal fees can be expensive, so consider the ...
The rule will require home insurers that write policies in the state to offer coverage in high-risk areas, something the state has never done, Insurance Commissioner Ricardo Lara's office said in ...
The Condominium Act requires every association to carry an insurance policy to cover the full replacement value of all structures on the property.
On December 18, 2022, a mass shooting occurred at the Bellaria Residences condominium tower in Vaughan, a suburb north of Toronto, Ontario, Canada.Six people were killed, including the gunman, 73-year-old Francesco Villi, who was shot and killed by responding police officers. [2]
The remaining 21.3% of home insurance policies were covered by renter's or condominium insurance. 14.8% of these had the HO-4 Contents Broad form, also known as renters' insurance, which covers the contents of an apartment not specifically covered in the blanket policy written for the complex. [13]
An 18th-century fire insurance contract. Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses.The devastating effects of the fire converted the development of insurance "from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren's inclusion of a site for 'the Insurance Office' in his new plan ...
In March 2024 State Farm, the largest home insurance company in California by market share, broke the news that it would nonrenew around 70,000 policies, 30,000 of which are estimated to belong to ...
The Condo Owners Association (COA) in Ontario was established in March 2010 by Founder Linda Pinizzotto in March 2010, a Toronto/Mississauga Realtor who had a vision to create a non profit Association to provide a cohesive united voice to represent condominium owners across the Province of Ontario to all levels of Government and to advocate for ...