Insurance deductible chargebacks – are you covered?

Discusses insurance deductible chargebacks and the importance of ensuring that unit owners and condominium corporations are properly covered for this type of loss. Insurance deductible chargebacks occur when a condominium corporation is required to pay an insurance deductible for a claim, and then seeks to recover that deductible from the unit owner responsible for the loss. The article highlights potential coverage gaps and issues that may arise with insurance deductible chargebacks, such as disputes over liability, inadequate insurance coverage, and lack of clarity in the condominium corporation's bylaws. The article emphasizes the importance of reviewing insurance policies and bylaws to ensure proper coverage for insurance deductible chargebacks, and seeking legal advice as needed.