83 of 90 Your clients have been renting a unit in a condominium high rise building and have a Tenants Comprehensive policy through your office. They have just purchased a similar condominium unit and will soon move in. What should you do to change their insurance coverage? Get full details of the security arrangements and alarm systems in the building. You will then be able to recommend how much fire and theft insurance they should carry. Transfer the entire policy to their new address as they do not need any other coverage. Cancel the entire policy. They no longer have any need for insurance as the Condominium Corporation is required by law to insure all insurable exposures for the owners of every unit. stead Get full details of the security arrangements and alarm systems in the building. You will then be able to recommend how much fire and theft insurance they should carry. Transfer the entire policy to their new address as they do not need any other coverage. Cancel the entire policy. They no longer have any need for insurance as the Condominium Corporation is required by law to insure all insurable exposures for the owners of every unit. Cancel their Tenants policy and replace it with a Condominium Unit Owners policy. [tm
83 of 90 Your clients have been renting a unit in a condominium high rise building and have a Tenants Comprehensive policy through your office. They have just purchased a similar condominium unit and will soon move in. What should you do to change their insurance coverage? Get full details of the security arrangements and alarm systems in the building. You will then be able to recommend how much fire and theft insurance they should carry. Transfer the entire policy to their new address as they do not need any other coverage. Cancel the entire policy. They no longer have any need for insurance as the Condominium Corporation is required by law to insure all insurable exposures for the owners of every unit. stead Get full details of the security arrangements and alarm systems in the building. You will then be able to recommend how much fire and theft insurance they should carry. Transfer the entire policy to their new address as they do not need any other coverage. Cancel the entire policy. They no longer have any need for insurance as the Condominium Corporation is required by law to insure all insurable exposures for the owners of every unit. Cancel their Tenants policy and replace it with a Condominium Unit Owners policy. [tm
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Transcribed Image Text:83 of 90
Your clients have been renting a unit in a condominium high
rise building and have a Tenants Comprehensive policy
through your office. They have just purchased a similar
condominium unit and will soon move in. What should you do
to change their insurance coverage?
Get full details of the security arrangements and alarm systems in the building. You
will then be able to recommend how much fire and theft insurance they should
carry.
Transfer the entire policy to their new address as they do not need any other
coverage.
Cancel the entire policy. They no longer have any need for insurance as the
Condominium Corporation is required by law to insure all insurable exposures for
the owners of every unit.
stead
Transcribed Image Text:Get full details of the security arrangements and alarm systems in the building. You
will then be able to recommend how much fire and theft insurance they should
carry.
Transfer the entire policy to their new address as they do not need any other
coverage.
Cancel the entire policy. They no longer have any need for insurance as the
Condominium Corporation is required by law to insure all insurable exposures for
the owners of every unit.
Cancel their Tenants policy and replace it with a Condominium Unit Owners policy.
[tm
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