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Monthly Archives: August 2019

Condominium insurance: the Ministry of Finance publishes its draft regulation

A draft clarifying six new proposed regulations was published by the Ministry of Finance in Quebec. The text governs the capitalization and contribution to the self-insurance fund and says valuers must be members to evaluate the amount of insurance of the building.

Condominiums will have two years to capitalize the new self-insurance fund that their union will set up. The law also states that co-owners must obtain liability insurance and buildings must be inspected every five years to determine the value of reconstruction (determining the amount to be insured). Additionally, there are risks that must be covered in the property insurance contract including: theft, fire, lightning, storm, hail, explosion, etc.

Speak to your insurance broker or agent to better understand your coverage.

Source: https://journal-assurance.ca/article/assurance-des-coproprietes-le-ministere-des-finances-publie-son-projet-de-reglement/

How slip-and-fall lawsuit rules could change in Ontario

Ontario is looking to change the province’s deadline for serving notice about starting slip-and-fall lawsuits. Currently, plaintiffs have two years after an accident to start a lawsuit suing for personal injuries. If Bill 118 is passed into law, plaintiffs would only have 10 days to give defendants notice of slip-and-fall claims caused by snow and ice.

Some people feel this would not be enough time for someone if they are dealing with medical treatments. However, they would still be able to proceed with a lawsuit if they convince the judge there is a reasonable excuse for the delay. The bill is meant to give defendants earlier notice, allowing them to preserve records and evidence.

Source: https://www.canadianunderwriter.ca/insurance/how-slip-and-fall-lawsuit-rules-could-change-in-ontario-1004165572/