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.
 
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.