Condo Insurance is complex and can cause headaches for brokers, adjusters, underwriters, condo boards and property managers. Join us for this session and learn how to navigate through the legal landscape of condominium insurance.

Detailed outline of topics and learning objectives covered in this session:

• Condominium bylaws vs legislation - interplay and conflicts
• Recent legislative changes
• Standard insurable unit descriptions
• Insurance claims litigation
• Develop a foundational understanding of condominium types, understanding the type and the respective requirements for each (eg: bareland).
  • Understanding information provided by condominium documents: condo plans, bylaws, and the standard provisions applicable.
  • Insurance requirements in legislation for each of the condominium types.
• Changes in condominium regulations from Jan 2020 – incl. the standard insurable unit.
• Requirements for deductible chargeback insurance.
• Sections of the Act/Regulations particular to condominium insurance.
• Insurance claims litigation, aspects to keep in mind
• Disputes over what is covered and duty to repair – whose insurance comes first?
• SIUD and bylaws that may require unit improvement and betterments – guidance is limited to what’s in the legislation, focus will be on best practices and pitfalls

Presenter:  Erin Berney is a lawyer with Field Law, in Edmonton. She possesses extensive experience in all manner of residential and commercial condominiums, from traditional, bare land and phased-style development, to "barely blended", duplex, mixed use, and rural developments, including foreign ownership requirements. Erin has successfully litigated various matters on behalf of condominium corporations, unit owners and property management companies alike, including a precedent-setting decision on short-term rentals in Alberta.

Erin has been a condo owner in downtown Edmonton since 2005. Additionally, she has served on the Board of Directors as Treasurer, Secretary and Chair of the Bylaw Review Committee, which gives her unique insight and invaluable knowledge and experience that she brings to her clients. She has assisted condominium corporations, developers, property managers, boards, owners and tenants in creating and maintaining vibrant, fair and law-abiding condominium communities all across Alberta.

Format
Presentation: Noon - 1 p.m.

CE Credits: AIC# 56710, 1 CE Hours General & Adjuster

Corporate Rate: less $10 per attendee for groups of 5 or more (membership is additional for non-members).  To register with a corporate rate, please contact our office at iisamail@insuranceinstitute.ca or 403-266-3427

Want to register for all three sessions? Call our office as we have discounted rates available.

Alberta Condominium Insurance Market Issues - March 16, 2021

Member Bonus: State of the Commercial Insurance Market - April 7, 2021

Risk Management for the Hard Market - April 8, 2021

Please be aware that tardy arrival to or early departure from any seminar or, in the case of a webinar an incomplete session as a result of unresolvable technical difficulties, will preclude IISA from issuing a CE certificate for the seminar.

Cancellation:Sorry, no refunds issued, with the exception of an incomplete session as a result of unresolvable technical difficulties. Substitution of another person is acceptable - please notify us of such changes so CE records can be adjusted appropriately. IISA reserves the right to cancel this seminar due to unforeseen extenuating circumstances - in such an event, all fees will be refunded.

Link to webinar: Prior to the webinar, all registrants will receive an e-mail providing the direct link to the Webinar. 

IMPORTANT: You will need AUDIO on your computer in order to participate in this session. Please make sure you have tested your audio prior to attending.

PRICES BELOW ARE BEFORE TAX. (For on-line registrants, please ensure you are being charged the correct price as shown below)