Insurance covering many usual risks. In co-ownership, they could be theft, fire and water damage. However, it covers only the risks defined and within the limitations and conditions stipulated in the insurance policy and its riders.
L'assurance du syndicat comporte plusieurs volets, dont celle des administrateurs et des officiers d'assemblée. Cette vidéo fait le tour des différentes couvertures propres à ce type d'assurance.
The insurance premiums are the amount paid by the insured monthly or annually to benefit in the event of a claim from the guarantees in the insurance policy. It is an expense towards the preservation, maintenance and administration of the immovable. Although the syndicate assumes this cost, it is charged back to the co-owners as a portion of their common expenses (condo fees).