Normac Offers:

Standard Insurable Unit
Description Solutions

Normac Offers:
Standard Insurable Unit Description Solutions

Standard insurable unit descriptions (SIUD) are required under the Alberta Condominium Property Amendment Act.

The SIUD is a detailed outline of all the finishes and fixtures within a standard unit based on original construction. The purpose of a standard insurable unit description is to provide clarity for condominium boards and insurers as to what is covered under the corporation's insurance following an insurable loss. 

What's Included?

The outline should include the following fixtures and finishings:

Various Class Types

Unit classes are defined by the various finishes and fixtures used by the developer. When there is more than one type of standard finish, there would be more than one class type.

An example of a condominium with more than one class type would be a development that has both apartments and townhomes. Another example would be a high-rise building with both standard apartments and luxury penthouse suites.

A separate outline is required for each class type and each outline must also state which units fall under which class.

Normac can help you determine how many class types are present and create all necessary outlines. ​

Various Class Types

Unit classes are defined by the various finishes and fixtures used by the developer. When there is more than one type of standard finish, there would be more than one class type.

An example of a condominium with more than one class type would be a development that has both apartments and townhomes. Another example would be a high-rise building with both standard apartments and luxury penthouse suites.

A separate outline is required for each class type and each outline must also state which units fall under which class.

Normac can help you determine how many class types are present and create all necessary outlines.

The SIUD Process

If a standard insurable unit description has not been provided to owners by a developer, the corporation may obtain one through a professional firm, like Normac.

Request + Approve Quote

Complete Questionnaire

Prepare Outline For Review

Approve or Revise Outline

Corporation Vote + Add to Bylaws

Register at Land Titles Office

Request + Approve Quote

Complete Questionnaire

Prepare Outline For Review

Approve or Revise Outline

Corporation Vote + Add to Bylaws

Register at Land Titles Office

We offer complimentary SIUD outlines with the authorization of a new insurance appraisal program.

Experience the Normac Difference

We offer complimentary SIUD outlines with the authorization of a new insurance appraisal program.

Experience the Normac Difference