Insurance Deductibles in a Strata Setting - Clark Wilson LLP
Insurance Deductibles in a Strata Setting - Clark Wilson LLP
Insurance Deductibles in a Strata Setting - Clark Wilson LLP
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p. 3<br />
It is quite common for lot owner policies to provide limited coverage for assessments made<br />
aga<strong>in</strong>st lot owner <strong>in</strong>sureds as a result of any deductible <strong>in</strong> the <strong>in</strong>surance policy of the <strong>Strata</strong><br />
Corporation. Note, however, that if the <strong>Strata</strong> Corporation attempts to recover the deductible by<br />
way of a liability claim aga<strong>in</strong>st the unit owner for property damage, there may be no liability<br />
coverage for such claim under the unit owner’s policy by virtue of the “own property” exclusion.<br />
Nigel P. Kent<br />
<strong>Insurance</strong> <strong>Deductibles</strong> <strong>in</strong> a <strong>Strata</strong> Sett<strong>in</strong>g<br />
T. 604.643.3135 / npk@cwilson.com<br />
CWA27389.1<br />
© 2005 <strong>Clark</strong> <strong>Wilson</strong> <strong>LLP</strong> www.cwilson.com<br />
Nigel P. Kent, T. 604.643.3135
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