Reducing risk: Recent change to condominium insurance regulations could benefit Alberta owners
New changes to the Alberta Condominium Property Act bring forward good news for both individual condominium owners and the corporations themselves.
The legislation change addresses how the corporations' insurance deductible can be charged back to the at-fault unit owner in the event of damages. This lowers the financial burden felt by the individual unit owners and the condominium corporation.
Laurie Kiedrowski, head of the McLeod Law's Condominium Law group speaks to the Calgary Real Estate Board on the pros of these changes in an interview with CREB Now.
If you require assistance with your condominium property, we're here to help. Please contact one of our Condominium Law lawyers.