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New Condo Guidelines Could Leave Condo Owners Holding a Bill for $50,000

By Rob Stevenson on Jan 13, 2020 12:40:05 PM

The Canadian Condominium Institute has announced changes to the Condominium Property Regulations that may  leave condo unit owners holding a bill for up to $50,000. The changes that took effect on January 1, 2020 will allow condo corporations to seek recovery of insurance deductibles from an owner for damages that originate from the owner's unit.

Topics: Condo Insurance

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