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Difference between revisions of "Insurance (22:XIII)"
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→B. Insurance Deductibles and Co-Insurance Clauses
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# Subject to the ''SPR'', the payments of an insurance deductible in respect of a claim on the strata corporation’s insurance is a common expense to be contributed to by means of strata fees calculated in accordance with s 99(2) or s 100(1); | # Subject to the ''SPR'', the payments of an insurance deductible in respect of a claim on the strata corporation’s insurance is a common expense to be contributed to by means of strata fees calculated in accordance with s 99(2) or s 100(1); | ||
# Subsection (1) does not limit the capacity of the strata corporation to sue an owner in order to recover the deductible potion of an insurance claim if the owner is responsible for the loss or damage that gave rise to the claim. | # Subsection (1) does not limit the capacity of the strata corporation to sue an owner in order to recover the deductible potion of an insurance claim if the owner is responsible for the loss or damage that gave rise to the claim. | ||
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