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LACK OF COVERAGE IN REAL ESTATE TRANSACTIONS These materials were prepared by Ann Phillips, QC of Ann Phillips Law Office, Regina, Sask. For the Saskatchewan Legal Education Society Inc seminar, Insurance
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Lack of coverage refers to situations where an individual or entity does not have adequate insurance or protection against certain risks.
Entities or individuals who do not have sufficient insurance coverage are required to file lack of coverage.
Lack of coverage can be filled out by providing detailed information about the insurance policies or protections that are lacking.
The purpose of lack of coverage is to identify gaps in insurance coverage and take appropriate actions to mitigate risks.
Information such as the type of insurance lacking, the reasons for the lack of coverage, and any steps taken to address the issue must be reported.
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