Condominium Insurance Trusts
A Condominium Insurance Trust provides a means to protect individual condominium owners (members) 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 condominium owners with the knowledge that the insurance proceeds are in the hands of a professional trustee.
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 member to obtain ongoing support and assistance via phone, fax or email.
Your credit union:
Retains Concentra to act on behalf of the condominium owners and to receive and disburse insurance proceeds.
Confidentiality & Privacy
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