50-300% Increase for Condo Insurance, PLUS, and even worse, the MINIMUM deductible raised from 10-20K'ish, to 100K-500K
So...Condo owners are paying through the nose to effectively have no insurance, if they can even get it at all, as Insurers are pulling out and older buildings or buildings that have had even one claim find it very difficult to find an Insurer.
Condos just became the plague. Way too much risk and uncertainty, not to mention cost.
https://globalnews.ca/news/6237709/b...surance-surge/
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