Who Is Responsible for Damage to Your Unit
If there is damage to your unit, other units or common property caused by an insured peril, such as smoke, fire or water, the Condominium Corporation Insurance Policy will respond first. Your Unit Owner’s policy will respond for damage to your personal belongings, alternate living accommodations, or if you are required to pay the Condo Corporation’s deductible.
Legislation tells us that the Condominium Corporation cannot recover monies paid out under the Corporation’s Policy from the Unit Owner, however, depending on your By-Laws, the Board may assess the Corporation’s deductible back to the Unit Owner.
If there is damage to your unit, other units or common property and damage is the result of an Owner, family, friend or uninsured contractor doing work (e.g. repairs, renovations and installs), the Condominium Corporation policy will respond first to pay for damages, subject to policy conditions and the Corporation’s deductible. This will affect the Condominium Corporation’s insurance claims history, and may result in increased premiums and/or deductibles.