Definition : Flooding

Overflow of a natural body of water that often occurs after heavy rains, ice jams or snowmelt. A flood can result in damage to real and movable property.

WHAT YOU SHOULD KNOW! The Ministère de la Sécurité publique has created an interactive map that allows citizens to identify areas that are considered to be a flood zone. This interactive map can be viewed through an application called Géo-Inondations.

WHAT TO KEEP IN MIND : The minimum contribution of the co-owners to the self-insurance fund does not have to take into account the deductibles for earthquakes and floods, if these protections are part of the insurance contract.

Capsule vidéo avec Yves Joli-Coeur : Le fonds d'auto assurance

Le fonds d'auto assurance deviendra obligatoire le 15 avril 2022, en vertu de l’adoption du projet de loi 141, en 2018. Dans cette capsule vidéo, l'avocat émérite Yves Joli-Coeur explique les détails.

Self-Insurance Fund

The syndicates of co-ownership must set up a self-Insurance Fund to anticipate and finance, in particular, the expenses relating to the carrying out of future work following a loss. This fund is mandatory since April 15, 2022 following the adoption of the Bill 141, in 2018, which notably created section 1071.1 of the Civil Code of Québec. It had become necessary due to a substantial increase in insurance deductibles. Most of the time, the amount of these deductibles was formerly negligible, whereas today, it can reach tens, even hundreds of thousands of dollars.

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