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Financial indicator establishing the ratio between the amount of losses reported (and not only those that have been indemnified by the insurer) and the amount of premiums collected. Insurers rely, inter alia, on the loss ratio to establish the insurance premiums. The lower the ratio, the lesser the premium.
26/10/2025
An overflowing washing machine, a bathtub leaking into the unit below, or a water heater bursting and flooding several floors — losses are frequent in co-ownership properties, and their consequences are often costly. These events, sometimes unforeseeable, not only lead to significant repairs but also to complex disputes between co-owners,…...
25/05/2024
The additional premium is a premium that is added to the existing premium. It results from a worsening of the risk or from the assumption of a new risk. This additional premium may be imposed during the course of a contract or upon its renewal. Risks are analyzed according to…...
25/05/2024
Most insurance policies include deductibles, with amounts varying based on the insured risk. For example, the deductible for water damage is generally higher than that for fires. The purpose of the deductible is to make the insured responsible by having them cover part of the repair costs for damages caused by…...
05/03/2024
The concept of water damage refers to the damages caused to property by the action of water; it can be a pipe that bursts because of the frost, the drain pipe of the washing machine that breaks or the bathtub that overflows. Water damages are probably the most recurrent problems in immovables in…...
30/10/2023
Every step of a construction project is crucial to its success. The Square Cartier co-ownership, which has recently been the subject of a lot of media coverage, is the perfect example of a poorly planned construction project. Indeed, it seems that the preliminary phases of this project suffered from a…...
16/07/2023
We had water damage that damaged an apartment. The board has agreed to pay for the repairs, but we're having trouble agreeing with the co-owner on the scope of the paint job in his apartment. We offered the co-owner the restoration of the damaged wall, but the co-owner wants all…...