Installation of front house numbers will commence this coming week (Jan. 18).
Front house lights will be installed in the near future. A specific date will be posted when available.
Saturday, January 16, 2010
Tuesday, January 12, 2010
Street Parking
Please be respectful of your neighbor when parking on the street. It is a public street but we all like to park in front of our homes.
We have had lots of snow so far this winter and with the warm conditions everyone is getting stuck in the snow. Some people have shovelled the street area in front of their home for their use so that they are not getting stuck in the snow. Please be courteous and do not park your vehicle in these areas.
We have had lots of snow so far this winter and with the warm conditions everyone is getting stuck in the snow. Some people have shovelled the street area in front of their home for their use so that they are not getting stuck in the snow. Please be courteous and do not park your vehicle in these areas.
Monday, January 4, 2010
Condo Insurance 101
Insurance is often a very misunderstood product and this is even more often the case when it comes to condominium insurance. Some people think that the condominium corporation carries insurance so there is no need for the unit holder to carry any, or they carry only enough insurance for their contents. Your own policy can help with your unit improvements, some assessments, and liability. Make sure you have enough coverage for these things.
Under a normal condominium corporation policy, improvements to your unit are not covered. What this means is that if the unit was built with carpet and lino, and laminent counter tops, but you have done renovations and now have hardwood, ceramic tile, and marble counter tops, the condo corporations policy will only pay for the original construction and your insurance will step in for the improvements. This is not normally an issue at claim time because the insurance companies communicate and figure out who pays what behind the scenes. However, if you don’t have adequate insurance to cover your improvements this could end up costing you out of your own pocket.
The most common problem is seen when it comes to basements. Basements were not originally finished in your unit – so if you finished your basement it could be your insurance company’s responsibility to repair in the event of a loss.
Not only does your policy come into play with improvements, it also covers things that your by-laws state are your responsibility such as windows and doors, assessments for the condo corps insurance deductible, short falls in condo corp insurance, and liability for damage to other units as a result of your negligence, etc.
The bottom line is that your condo corporation carries insurance and its policy coupled with your own unit insurance is your best protection. If you don’t have insurance you have left your self exposed to a loss that could cost you dearly. Condo insurance is the least expensive type of home insurance, so it is well worth your time and money to get it. The best advice is to contact your insurance provider to discuss your policy.
Roger Stevenson
Under a normal condominium corporation policy, improvements to your unit are not covered. What this means is that if the unit was built with carpet and lino, and laminent counter tops, but you have done renovations and now have hardwood, ceramic tile, and marble counter tops, the condo corporations policy will only pay for the original construction and your insurance will step in for the improvements. This is not normally an issue at claim time because the insurance companies communicate and figure out who pays what behind the scenes. However, if you don’t have adequate insurance to cover your improvements this could end up costing you out of your own pocket.
The most common problem is seen when it comes to basements. Basements were not originally finished in your unit – so if you finished your basement it could be your insurance company’s responsibility to repair in the event of a loss.
Not only does your policy come into play with improvements, it also covers things that your by-laws state are your responsibility such as windows and doors, assessments for the condo corps insurance deductible, short falls in condo corp insurance, and liability for damage to other units as a result of your negligence, etc.
The bottom line is that your condo corporation carries insurance and its policy coupled with your own unit insurance is your best protection. If you don’t have insurance you have left your self exposed to a loss that could cost you dearly. Condo insurance is the least expensive type of home insurance, so it is well worth your time and money to get it. The best advice is to contact your insurance provider to discuss your policy.
Roger Stevenson
Please turn off your outside front light during the day
New front outside light fixtures, house numbers and mailboxes will be installed on each townhouse within the next couple of weeks.
Please ensure that you turn off your front outside light during the day so that your new light fixture can be installed. We will try to notify you when a more specific date is available.
Please contact Ultimate Property Management or post a note on the blog if you have any questions.
Please note - the contractor has stated he will start the work this week. (Jan 5/10)
Jan 12, 2010
All the mailboxes have been replaced.
Please note - there will be a delay in installation of the new front lights and house numbers due to unforeseen circumstances with the contractor. A post will be placed on the blog when a new date is organized. Sorry for any inconvenience.
Please ensure that you turn off your front outside light during the day so that your new light fixture can be installed. We will try to notify you when a more specific date is available.
Please contact Ultimate Property Management or post a note on the blog if you have any questions.
Please note - the contractor has stated he will start the work this week. (Jan 5/10)
Jan 12, 2010
All the mailboxes have been replaced.
Please note - there will be a delay in installation of the new front lights and house numbers due to unforeseen circumstances with the contractor. A post will be placed on the blog when a new date is organized. Sorry for any inconvenience.
Subscribe to:
Posts (Atom)
