Legislative Changes – Condominium Insurance Deductibles (ON)

Once proclaimed into force, the Protecting Condominium Owners Act, 2015 (the “PCOA”) will amend the provisions governing the responsibility for the condominium corporation’s insurance deductible.  Under the current legislation, the deductible amount under the corporation’s insurance policy covering the common elements and the units is included in the corporation’s common expenses and thus shared by all the owners, except in the following circumstances:    Read the article……………


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