Condo Talk: Riding the Rising Insurance Wave Part #2September 1, 2020 -
This session covered the following:
- The Role of the Insurance Broker
- Considerations to balance “Coverage” against “Premium Paid”
- What goes into determining a Policy Premium (Corporation Policy and Unit Owners Policy)
- How to Manage the Policy as to be “Best in Class"
- Discussion of Real-Life examples of Condo Insurance Court Cases/Decisions, like this one
Insurance Premium Letter Template
Maria Durdan is a Partner at SimpsonWigle LAW LLP and the Chair of the Condominium Practice Group. Maria specializes in condominium law, development and administration. Maria supports over 650 of the firm’s residential and commercial condominium clients throughout Ontario. Maria has also obtained her Associate of Canadian Condominium Institute (ACCI) designation in law, which recognizes that she has achieved a high level of knowledge and skill of condominium law. Maria is the President of the Canadian Condominium Institute – Golden Horseshoe Chapter and the Chair of the Education Committee and a member of the Hamilton Law Association Real Estate Subcommittee. Maria’s practice includes advising boards of directors, property managers and developers on all areas of condominium law.
Mark has over 30 years of experience in the insurance industry and is CEO of Atrens-Counsel Insurance Brokers. He is a member of the Canadian Condominium Institute and holds designations with the Insurance Institute of Canada and Registered Insurance Brokers of Ontario. He acts as an advisor to the Ontario Provincial Government on the Condominium Act.
Michelle Joy, RCM, BA
At Wilson Blanchard, Michelle works closely with the Executive Director of Condominium Management in the Hamilton office supervising and training staff. She has been working in the condominium industry since 2013 and achieved the designation of Registered Condominium Manager (RCM) with the Association of Condominium Managers of Ontario (ACMO) in 2017. Michelle is actively involved in the condominium industry and has participated as a speaker at CCI events, volunteered on CCI committees and written articles for Wilson Blanchard’s Condo Connection.
Richard Elia, B.Comm., LL.B., LL.M. (ADR), A.C.C.I.
Richard Elia had been actively involved in the area of condominium law for over 20 years, advancing the objective of effective and ethical advocacy. Founded in 2001, Elia Associates provides legal services to condominium communities throughout Ontario. Richard holds a Master of Law with a focus on Appropriate Dispute Resolution and the “A.C.C.I.” - Associate of the Canadian Condominium Institute - designation, which is the country’s only condo-specific designation for condominium professionals. This designation evidences Richard’s extensive condominium knowledge.