A broker organized 45 condo owners in a Montreal building to negotiate better strata insurance terms, resulting in massive collective savings and improved deductible coverage.
Published November 20, 2025
When strata insurance premiums for a 120-unit Montreal condominium complex skyrocketed by 300% in one year, residents were in crisis. Individual unit owners faced special assessments of $4,000 or more to cover the building's insurance costs.
Quebec Assurance Partners stepped in and organized an information session for the 45 most affected owners. Our bilingual broker explained the strata insurance crisis affecting condos across Canada, educated owners on their individual condo insurance needs, and developed a group strategy.
By working with the condo board and our insurer panel, we negotiated a new building policy that reduced the premium increase from 300% to 85%. Additionally, we arranged individual unit owner policies with enhanced loss assessment coverage, protecting owners from future special assessments.
The collective savings across the 45 unit owners was approximately $180,000 per year. The broker also helped establish a reserve fund strategy to better manage future insurance cost fluctuations.
This case study was featured in La Presse and has become a model for other Quebec condo communities facing similar challenges.
“Our broker turned a crisis into an opportunity. By bringing us together and advocating on our behalf, they saved our building hundreds of thousands of dollars. This is what a real insurance professional looks like.”
- Client of Quebec Assurance Partners
$180,000
Impact Value
Loss assessment added
Coverage Impact
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