mightygodam
New member
Hello
I'm getting conflicting answers in my entourage about this whether non-occupant condo owner insurance is mandatory or not...assuming we dont care about the value of the non common space.
We own a condo downtown with a permanent (non AirBNB) year-long tenant in it. The small condo board (4 units total only) does subscribe to an insurance plan and I have had one as a non-occupant condo owner for the past 7 years.
Renewal is coming up and every year I wonder if my portion is mandatory or not assuming the value of the content inside the condo is practically nil at this point (we are due for some major renovations to replace everything from flooring to cabinets)
Scotia has not requested any insurance documentation for any of the past 7 years and when I call, they stress on recommending we subscribe but never are we being told it is mandatory.
Does anyone here know?
I'm getting conflicting answers in my entourage about this whether non-occupant condo owner insurance is mandatory or not...assuming we dont care about the value of the non common space.
We own a condo downtown with a permanent (non AirBNB) year-long tenant in it. The small condo board (4 units total only) does subscribe to an insurance plan and I have had one as a non-occupant condo owner for the past 7 years.
Renewal is coming up and every year I wonder if my portion is mandatory or not assuming the value of the content inside the condo is practically nil at this point (we are due for some major renovations to replace everything from flooring to cabinets)
Scotia has not requested any insurance documentation for any of the past 7 years and when I call, they stress on recommending we subscribe but never are we being told it is mandatory.
Does anyone here know?