Insurance Risk Management

Discusses the complexities and challenges associated with chargeback claims against condo unit owners. It highlights two recent cases, "Beswick v. YRCC 1175" and "PCC 223 v. Tung," which underscore the importance of careful documentation and adherence to chargeback procedures to avoid disputes with owners. The cases illustrate instances where chargeback claims were disallowed due to lack of proper notice or insufficient evidence. The article provides a comprehensive checklist of steps to follow before initiating a chargeback claim, including analyzing evidence, setting deadlines, obtaining quotes, and involving legal processes if necessary. It also mentions the implications of different sections of the Condo Act and the corporation's declaration on chargeback claims. The article emphasizes the significance of clear documentation and proper procedures to navigate chargeback hazards and prevent contentious disputes with owners.