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SGI Adds Restrictions to Condo Policies

By Gina Schopfer on Mar 5, 2021 1:12:19 PM

SGI has introduced new coverage requirements for condo policy holders. Effective March 1, 2021, SGI requires that a client's condominium corporation maintains adequate condo insurance for the building itself. This is in effect for all new policies, and could affect existing policy holders with coverage limitations. With current market conditions, this could also become a reality for other insurance companies.

Topics: SGI Canada Condo Insurance Home Systems Protection Service Line Coverage


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