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| Condominium Insurance Trusts | A Condominium Insurance Trust provides a means to protect individual condo owners in the event that an insurance claim is made and received by the condominium corporation.
Designed to help your organization:
Provide peace of mind for the condominium owners with the knowledge that the insurance proceeds are in the hands of a professional trustee.
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Concentra provides:
- Skilled professionals to ensure compliance with legislative regulations.
- Preparation and execution of trust agreements.
- Safe custody of the insurance proceeds.
- Release of funds to the appropriate parties in accordance with the terms of the trust agreement and legislative regulations.
- Complete trust reporting to the condominium corporation.
- Easy access for your organization’s staff to obtain ongoing support and assistance via phone, fax or email.
Your organization:
- Retains Concentra to act on behalf of the condominium owners and to receive and disburse insurance proceeds.
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