Legal Insurance
Provides financial support to cover legal fees related to certain disputes involving the association. It helps face disagreements with greater peace of mind while protecting the association’s finances.
Business insurance
Real estate insurance
Managing a building means taking on constant responsibility for the occupants and the building itself. Maintenance, safety, and stability are part of everyday life. To ensure your investment is well protected, we help you find insurance tailored to property management.
Our expertise
Ensuring a well-protected property management
The real estate sector involves unique challenges: building maintenance, claims management, rental income protection, and director liability. Courtika supports property owners, investors, and condo associations with real estate and condo insurance solutions tailored to their needs.
As a broker, we analyze your situation to offer you clear, consistent, and well-structured coverage.
Essential coverage
This coverage protects the basics and the most common risks, providing protection suited to everyday situations.
Protects the building, its components, and common areas against losses such as fire or water damage. It covers repair or reconstruction costs, ensuring the preservation of collective assets and the financial stability of the condo association.
Covers the financial consequences of bodily injury or property damage caused to third parties in common areas. It protects the association against claims and lawsuits arising from accidents involving visitors, co-owners, or contractors.
Protects board members against lawsuits related to their decisions, errors, or omissions. It allows directors to act with confidence by limiting personal financial impacts arising from their responsibilities.
Recommended coverage
Depending on your situation, certain additional coverage may be recommended to better manage your risks and avoid surprises.
Covers sudden and unexpected damage to essential mechanical and electrical equipment, such as elevators, heating systems, or electrical panels. This protection helps avoid significant costs and maintain proper building operations.
Covers condo fee payments during the temporary vacancy of units following an insured loss. This protection allows the association to maintain its income despite the unavailability of certain units, ensuring operational continuity and financial stability.
Protects the building against earthquake damage, a risk generally excluded from basic coverage. Although optional, this coverage is strongly recommended in certain contexts to limit the major financial impacts of an unpredictable event.
Covers certain losses related to sewer backups or flooding. Given their frequency and severity in condos, this protection is strongly recommended to reduce significant financial impacts.
Frequently asked questions
The world of insurance can raise many questions. That is why we have gathered clear, accessible answers to the most common questions, to help you better understand the coverage available and make informed choices with confidence.
The condo association’s insurance covers the building, common areas, and the association’s liability. Each co-owner must purchase their own insurance for their private unit, personal belongings, and individual liability.
Yes, provided the association holds directors and officers liability insurance. This protection covers directors against lawsuits related to decisions, errors, or omissions made in good faith while performing their duties.
Ideally, the reconstruction value should be reassessed every 3 to 5 years, or sooner in case of major work, significant renovations, or marked fluctuations in construction costs.
Expert advice
Through our articles, discover helpful content to better understand property and casualty insurance and make informed decisions. Benefit from practical advice for everyday life.
Let’s talk about your reality
Every situation is unique, and taking the time to talk about it makes all the difference. Whether you have a question, a specific need, or simply want trusted advice, our team is here to support you and guide you toward solutions tailored to your reality.