› Flat Chat Strata Forum › Living in strata › Who pays when insurers leave a gap › Current Page
26/11/2011 at 8:35 am
#14254
In the AGM notice of a property I own (in the ACT) I noticed the following motion:
Excess
“That any excess payable on an insurance claim is the responsibility of the relevant owner of the unit to which the claim is related. If an insurance claim relates to the common property then the excess is the responsibility of the Owners Corporation”.
Clearly, the OC wanted to document this.