Insurance
April 6, 2020 Published by CCI National
Changes to Insurance Deductibles for Condominiums
Important Insurance Changes You Need to Know - Effective January 1, 2020, condominium corporations will be able to seek recovery of the deductible portion of the corporation's insurance claim (up to a maximum of $50,000) from an owner for damages that originate from the owner's unit or privacy area. Edmonton lawyer, Todd Shipley (Reynolds Mirth Richards & Farmer LLP), explains this change.
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