› Flat Chat Strata Forum › Common Property › Who pays for damage to strata common area? › Current Page
05/07/2017 at 4:35 pm
#27481
To note that if damage was caused by an insurable event, it’s likely that building insurance would cover it. That usually includes damage caused by residents. Of course, an excess will apply. An OC/BC must have building insurance for common property. That insurance usually extends to cover lot fixtures and fittings.
But if the damage was due to a lack of maintenance or is actually a building defect/failure, it’s unlikely to be covered.