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Fund dedicated to the payment of the deductible that the syndicate of co-owners is required to pay in relation with the insurance coverage of the co-ownership. This fund is also dedicated to the repair of the damage caused to property in which the syndicate has an insurable interest, when the contingency fund or an insurance indemnity can not provide for it (e.g. in the case of a insurance limit, underinsurance or of an exclusions etc.). It is the duty of the Board of Directors, after consultation with the General Meeting of the Co-owners, to fix the amounts to be paid into the self-insurance fund.
09/10/2025
Le mois dernier, Yolande m’a contactée au sujet de la vente de sa maison de ville. Présidente d’un syndicat de trois copropriétés partageant une seule entrée d’eau et une mince bande de terrain, elle se dit dépassée par les nouvelles obligations issues de la réforme de la Loi sur la…...
08/09/2025
Syndicates of co-owners must establish a self-insurance fund that is liquid and available in the short term. The purpose of this fund is to anticipate and finance, in particular, expenses related to the execution of work following a loss. This fund, mandatory under Article 1071.1 of the Civil Code of…...
14/07/2025
Divided co-ownership, an increasingly popular form of property ownership in Québec, is based on a specific legal structure that comes with rights and responsibilities for both the co-owners and syndicates of co-owners. Among these responsibilities are the critically important, but often overlooked, obligations related to insurance coverage. Both the syndicates…...
30/03/2024
Common expenses are payable by the person who is the title owner upon receipt of the notice of assessment. However, when selling a fraction, the buyer may be required to pay with interest for all common charges owed by the seller (Article 1069 of the Civil Code of Québec). It…...
15/02/2024
Dans cette deuxième capsule vidéo sur le sujet, l’avocat émérite Yves Joli-Coeur aborde un sujet essentiel pour toute copropriété : le fonds d’auto assurance. Il rappelle que les syndicats de copropriétaires doivent mettre en place un fonds d’auto assurance qui est liquide et disponible à court terme. Ce fonds a pour but…...
01/01/2024
Dans cette capsule vidéo, l’avocat émérite Yves Joli-Coeur aborde un sujet essentiel pour toute copropriété : le fonds d’auto assurance. Il rappelle que les syndicats de copropriétaires doivent mettre en place un fonds d’auto assurance qui est liquide et disponible à court terme. Ce fonds a pour but d’anticiper et…...
03/02/2022
3 février 2022 — Le Gouvernement du Québec a publié dans la Gazette officielle du Québec, le 2 février 2022, un projet de règlement modifiant le Règlement établissant diverses mesures en matière d’assurance des copropriétés divises. Ce projet de règlement modifie les modalités permettant d’établir la contribution minimale au fonds…...
22/08/2021
A syndicate of co-owners has the obligation to account for its operations by funds. The Civil Code of Québec requires the creation of a general fund, a contingency fund and in April 2022, the creation of the self-insurance fund. The creation of the early self-insurance fund is recommended. The general…...
11/06/2021
The self-insurance fund is allocated to the payment of the deductibles provided for under the insurance policies taken out by the syndicate and to an additional reasonable amount. Questions: What is an additional reasonable amount? How do we determine the additional sum? What exactly should we rely on to define…...
26/09/2020
At our last annual co-owner's meeting, the board of directors informed us that it was going to take $10,000 from our contingency fund to set up a self-insurance fund. To justify their decision, the directors said that this will allow to avoid putting up a special assessment. Several co-owners seemed to…...