By Lise Michaud Here are some useful thoughts on a question that clients ask me frequently. Question: as a co-owner, I pay condo fees that already include an insurance coverage. Why should I buy a complementary insurance? Answer: because the coverage granted by the condo association insures the building to its value as new, and against robbery and fire. As a co-owner, you have the responsibility to insure your personal effects, your improvements and you have to subscribe to a civil responsibility. Improvements comprise the changes made to the standard layout. For example, a renovated kitchen, where the original laminate wood has been replaced by more expensive wood, is considered an insurable improvement. The civil responsibility is usually referred to as two million dollar coverage. Remember that these documents are required by, amongst others, the financial institution responsible of your mortgage loan. If you chose to rent your unit, it is equally important to make sure that your tenant is insured. By having insurance coverage, he protects the value of his personal effects and himself, for he will not have to pay for damages caused to a third party. Thus having a complementary insurance is a responsible and legally sound behavior and a great way to find a greater peace of mind. Lise
Unveiling of three public artworks celebrating local culture and tour of the rooftop community garden: Prével’s Esplanade Cartier comes alive in the heart of Montréal
At a morning event on Esplanade Cartier’s urban square, attended by Robert Beaudry, City Councillor for the Ville-Marie borough and member of Montréal’s Executive Committee, Laurence Vincent, President of Prével, Élizabeth‑Ann Doyle, Executive and Artistic Director of the Montréal-based organization MU, and Véronique Rioux, Industrial Design Consultant, Prével officially unveiled three public artworks created by artists Antonietta Grassi, MSHL, and Diane Roe. The event also offered a tour of the new neighbourhood, allowing attendees to admire the works and discover Montréal’s very first rooftop community garden.
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