Condo Insurance isn’t THAT bad is it!?

July 22, 2018
Ari Soroka,Nicholas Chirametli

Special Guest: Tom Gallinger, BBA, FCIP

Atrens-Counsel Insurance Brokers

part of Arthur J. Gallagher (Canada) Limited

Have you ever been faced with a nasty insurance claim at your condo? Did your upstairs neighbor flood your home forcing you to relocate for a few weeks? You might have been hit with a surprising repair bill for damage to a neighbour’s suite. Perhaps you’ve been issued a special assessment. Did you know that insurance is there to help you cover these costs?

Owners and Boards are faced with the daunting task of decrypting complex insurance policies and claims procedures in condominiums. Insurance for condos is vastly different than insurance for freehold homes or automobiles.

In this episode, we’re joined by Tom Gallinger, the Vice President of Atrens-Counsel Insurance Brokers – part of Arthur J. Gallagher Canada Limited. Atrens-Counsel is arguable the leading insurance broker specializing in condominium insurance in Ontario. For years, Tom has worked with Property Managers, Boards and Owners to help manage their insurance responsibilities.

Tom explains the types of coverage that a condominium must have, as well as unit owner policies that help owners tackle complex condominium insurance claims. He also explains the procedure of a condo insurance claim; who pays for what and how insurance premiums are affected and negotiated by Brokers. Finally, Tom shares some of the most notable insurance claim in his career.

Tom Gallinger is the Vice President of Atrens-Counsel Insurance Brokers, a brokerage that specializes in managing insurance programs for condominiums, unit owners and property management professionals. Tom has been in the insurance industry for 14 years in various underwriting, brokering and management roles. As a specialist in Commercial and Condominium insurance, Tom strives to deliver a high level of service by managing the long-term insurance needs of his clients. In his career with Atrens-Counsel, Tom has done a number of educational presentations for various industry associations and groups aimed at unit owners, boards, and property managers. Tom holds an honours bachelor’s degree in business, his Fellowship Chartered Insurance Professional (FCIP), as well as his Canadian Risk Management (CRM) designations.

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