› Flat Chat Strata Forum › Common Property › Who pays for Common Property water leak damage? › Current Page
02/05/2019 at 12:08 pm
#37278
Just a quick update on the above issue.
Just had a very interesting telephone conversation with our Owners Corporation Insurer. The Insurer said they would have agreed to pay for the cost to repair the damage to our Lot caused by the Common Property leak, except that the repair cost to our Lot is less than the $1,000 Excess on the Policy and the Insurer is therefore unable to accept or process a claim less than this Excess amount.
So, back to square 1, who pays for any excess or claim in this instance and where do I go to from here?
Many thanks!