CPA · Condominium Property Regulation
Part 6 — Insurance
61.1 Insurance on units, fixtures, finishing
"improvements" as made to units by owners do not include
(a) any property included in the applicable standard insurable
unit description, in the case of a residential unit, or
(b) any fixtures and finishing that must be insured by a
corporation under subsection (2), in the case of a non-
residential unit.
(2) Unless the bylaws require that additional insurance be
provided by the corporation, for the purposes of section 47(1)(a)
of the Act, a corporation shall, at a minimum, place and maintain
the following amount of insurance, as applicable:
(a) for the residential units o n the parcel, other than those
owned by a developer, the replacement value of the units
and of the fixtures and finishing in the units, as if all units
contained the features as described in the applicable
standard insurable unit description;
(b) for the residential units owned by the developer on the
parcel, the replacement value of the units and of the
fixtures and finishing as they existed at the time of the
registration of the condominium plan;
(c) for the non-residential units on the parcel, other than those
described in clause (d), the replacement value of the units,
which, for greater certainty, excludes the replacement
value of any fixtures and finishing in the units;
Section 61.2 AR 168/2000
(d) for the non-residential units on the parcel being used in
connection with a residential purpose, including parking
spaces and storage units for owners of residential units,
the replacement value of the units and of the fixtures and
finishing in the units, as the units and fixtures and
finishing were typically provided to purchasers by a
developer;
(e) for the units on the parcel that are owned by the
corporation, the replacement value of the units and of the
fixtures and finishing in the units.
(3) A standard insurable unit description must include a
description of the typical features in the applicable units,
including the following, as applicable:
(a) floor coverings, wall cove rings and ceiling coverings;
(b) electrical lines and fixtures, including lighting fixtures ;
(c) plumbing lines and fixtures;
(d) natural gas lines and fixtures;
(e) fixtures with respect to air exchange and temperature
control;
(f) walls that do not form the unit's boundaries, and any
windows and doors located in those walls;
(g) cabinets and counter tops;
(h) non-chattel appliances.
(4) Nothing in this Part precludes a corporation from increasing
the amount of insurance obtained for a unit in accordance with
subsection (2)(a) to reflect a higher replacement value, where the
corporation determines that there are variations, in size or in other
material factors, from the standard insurable unit description
among the units in a class of residential units.
AR 154/2019 s26;23/2026