39 views 33 sec 0 Comment

New Appellate Decision Related to Application of Insurance Proceeds in Older Condominiums (NC)

/ Owner - July 23, 2022

Earlier this week, the North Carolina Court of Appeals issued a decision in Grooms Property Management v. Muirfield Condominium Association. The case dealt with interpreting and applying insurance provisions in the declaration of an older condominium governed by the NC Unit Ownership Act, and determining the association’s obligation to purchase insurance and the application of proceeds in the event of a total destruction.     Read the article………………………..

Comments are closed.