Re: Insurance Co forcing tenant to reimburse for damage to common property
That’s right, contents insurance doesn’t cover that kind of thing, which is just as well because I don’t drive!
Re: Insurance Co forcing tenant to reimburse for damage to common property
@Austman said: If the tenant has contents insurance – that type of insurance usually has a liability cover which should cover the tenant in such circumstances. It’s a reason why…
Re: Insurance Co forcing tenant to reimburse for damage to common property
My view is that the OC was correct to claimed on its insurance and make sure the common property was repaired promptly. The insurer is now within its rights to…
Re: Strata manager claims insurance is invalid due to council LEP
Am I missing something? Why is the SM making this decision? I would have thought that this type of decision and opinion is outside of his job description. A draft…
Re: Strata manager claims insurance is invalid due to council LEP
Nobody who has been a regular reader of this website or my columns in the SMH will be surprised to learn that I probably do have a problem with it.…
Strata manager claims insurance is invalid due to council LEP
Our strata manager has declared that the building insurance is invalid if there are short term rentals taking place. So we reluctantly took down our listing on Airbnb. The building…
Re: Insurance Co forcing tenant to reimburse for damage to common property
Yes Jimmy and all, it does seem a bit harsh expecting someone who can’t afford to pay – but personal responsibility is the over-riding factor here – crowdfunding maybe a…
Re: Insurance Co forcing tenant to reimburse for damage to common property
It is wonderful that the Owners like the tenant so much they want to pay for damage caused by the tenant, the tenant must be an amazing person. Perhaps they…
Re: Insurance Co forcing tenant to reimburse for damage to common property
I agree with JT. I wouldn’t recommend that the OC pay for the Tenant’s damage to Common Property. Would this be setting a precedent? It will be on the Record…
Re: Insurance Co forcing tenant to reimburse for damage to common property
This is going to sound a bit harsh but seriously, a resident who decides to save money by not properly insuring his or her vehicle then expects all his neighbours…
Re: Insurance Co forcing tenant to reimburse for damage to common property
Any insurance company will attempt to recover its costs from a third party it may consider responsible for causing damage. They don’t willingly just give away money. In this case…
Re: Insurance Co forcing tenant to reimburse for damage to common property
All the lot owners are covered by the OC/BC’s building insurance, so an insurance company cannot recover their costs from them (as they are the policy holders). But that’s not…