Condos Association Insurance and Risk Advisory

When damage happens in a condo building, the bylaws — not the cause — decide who repairs it. A master policy vs unit owner insurance mismatch often isn't caught until a claim tests it. Owners need to know who's covered before that happens.

HUB reviews the bylaws' repair-responsibility assignment against the master policy and unit-owner policy side by side before a loss and confirms explicitly where legislation protects unit owners from subrogation, so the corporation and its owners know exactly who's covered for what.

The corporations that avoid a bylaw dispute are the ones that reviewed the repair-responsibility rules with their owners before a loss, not the ones explaining them for the first time during a claim.

Repair responsibility is clear before a loss happens; the master policy and unit-owner policies work together without a hidden gap, and owners understand upfront when legislation protects them from subrogation.

A condo's earthquake deductible can reach into the millions, allocated to each owner by unit entitlement. That bill can arrive alongside catastrophic damage, while premium increases add to the pressure. Standard reviews were never built to size this exposure. Both need attention before renewal.

HUB pairs individual earthquake deductible assessment coverage for owners who want to close that gap with proactive risk management, completed maintenance and water mitigation. This engagement with the broker months before renewal has measurably reduced premiums for corporations that did it.

The owners who aren't taken off guard by an earthquake assessment are the ones who bought the individual coverage before the event, not the ones learning their unit entitlement share for the first time after a quake.

An earthquake deductible assessment doesn't blindside an individual owner because the coverage was already in place, and proactive risk management keeps the condo's premium increase well below reactive peers.

Condo boards are expected to navigate structural-safety legislation, deductible allocation and insurer expectations largely alone. One high-rise condo that engaged its broker nearly a year early saved more than $400,000 in premium. Standard timelines were never built around volunteer capacity. Early engagement changes the outcome.

HUB connects with a Condo boards roughly 90 days before renewal, shares completed maintenance and risk-mitigation work directly with insurers and brings the broker into planning meetings so volunteer board members aren't left explaining complex insurance decisions to owners alone.

The condo boards councils getting the best renewal outcomes are the ones who brought their broker in months early and let a risk team build the case for insurers.

A volunteer board doesn't have to become an insurance expert to get a strong renewal, and risk-mitigation work gets translated into insurer-ready evidence months in advance rather than at the last minute.