With the implementation of Bill 141, Quebec’s Civil Code has undergone significant changes in regards to condominium insurance. On April 15, 2021, the amendment to
The Quebec government, in partnership with professional construction associations, has launched the IQC 4.0, an ambitious initiative to digitize and modernize the construction industry. Our
If you own a divided co-ownership property in Quebec, it’s important to understand the recent amendments to the Civil Code of Québec regarding insurance obligations. The changes require co-owners to take out liability insurance, specify the rules for self-insurance funds, and establish new duties for compensation and claims in the event of property damage. In this article, we’ll provide a summary of the key changes and their implications for co-owners and insurance companies.
As of April 15, 2021, the Civil Code of Québec has been amended by Bill 141 with respect to divided co-ownership insurance. One of the key measures of this law requires a mandatory evaluation of the property by a certified appraiser every five years.
Home evaluations are a crucial part of homeownership. They help determine the true value of your home, which is essential in ensuring that you have the right amount of insurance coverage in case of a major fire or partial loss.
In recent years, the home evaluation process has undergone a significant transformation. The Quebec government has put into place a law requiring all condo and condominium owners to hire a professional evaluator to determine the value of their home.