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Category:
Records
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Recent Court Decision
Author:
Shibley Righton
Publication date:
October 23, 2020
Article Summary:
The article discusses a recent court decision related to condominium corporations and insurance. In the case, a condo corporation was found liable for a fire that started in one unit and spread to others, resulting in significant damages. The corporation had insurance coverage, but it was not sufficient to cover the full cost of the damages, leaving some owners with large financial losses. The court ruled that the corporation had breached its obligations under the Condominium Act, 1998, by failing to obtain adequate insurance coverage. The article emphasizes the importance of proper insurance coverage and encourages condo corporations to review their policies and ensure they have adequate protection in place.
Keywords:
condominium corporations, insurance, liability, damages, coverage, Condominium Act, 1998
Source Citation:
Shibley Righton
Recent Court Decision
October 23, 2020
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