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Can condo corporations recover insurance premium increases from unit owners?

/ Owner - May 18, 2020

Many condo corporations have provisions in their declarations that provide that the corporation can recover an increase in the corporation’s insurance premiums from an owner who, by act or omission, caused that increase (“Premium Increase Provisions”). Practically speaking, the use of Premium Increase Provisions will usually be a result of an increase in a corporation’s “all-risk” insurance policy.    Read the article……………………………

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