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In This Volume

This Part deals with the strata corporation’s responsibility for obtaining and maintaining insurance coverage, including property and liability insurance, in addition to optional coverage such as errors and omissions insurance.

Part 9 addresses issues such as insurable interest, the strata corporation’s responsibility for reviewing and reporting on insurance coverage, named insureds, payment of insurance proceeds, application of insurance money, and payment of the insurance deductible.

The strata corporation may, by resolution, decide not to repair or replace damaged property, although such a decision may be subject to a court order under s. 160.

Owners also have the right to obtain and maintain additional insurance coverage, as set out in s. 161.