Definition : Self-Insurance Fund

Fund dedicated to the payment of various amounts that the syndicate of co-ownership is required to pay in relation with the insurance coverage of the co-ownership. It can without limitation be related to the amounts of the deductible, to the limits of insurance (maximum amount, exclusions, etc.) and to under insurance. It is the duty of the Board of Directors, after consultation with the General Meeting of the Co-owners, to fix the amounts to be paid into the self-insurance fund.


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The Law and the overwhelming majority of declarations of co-ownership require that syndicates of co-owners insure their building. This may seem surprising at first glance as the syndicate does not own the private portions nor the common portions. However, its main object is to ensure the preservation and the longevity of the building and to manage and administer it diligently following rules of the trade. This is why the legislator has given to the syndicate an insurable interest and has made it compulsory that it subscribe building insurance.  
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L’étude du fonds de prévoyance doit-elle être réévaluée régulièrement?
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