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We suffered water damage caused by a broken pipe that is located in the common portions. Several private portions were damaged. Our insurer is willing to compensate the syndicate as long as it signs a release beforehand. Questions: Is the board required to sign such a release? What are the consequences of not signing such a receipt? What are the syndicate's rights and remedies against its insurer?...
The self-insurance fund is allocated to the payment of the deductibles provided for under the insurance policies taken out by the syndicate and to an additional reasonable amount. Questions: What is an additional reasonable amount? How do we determine the additional sum? What exactly should we rely on to define the additional sum?...
Question: We suffered water damage. Three apartments, including mine, were affected by the breakdown of a water heater. The co-ownership’s insurer refuses to compensate us completely, claiming that our syndicate has paid too low a premium compared to the true risk insured. More specifically, it appears that the directors took out inadequate insurance cover with a reference to a rule proportional to 80%. I do not understand that. Is the insurer right not to fully compensate…...
A leak from my neighbor's air conditioning unit caused damage to my ceiling and a wall, leaving visible traces of water infiltration. The manager sent a technician who cut a section of the ceiling to assess the damage, but the repairs were limited to that single area. My insurer informed me that these repairs fall under the responsibility of the co-ownership syndicate, but the manager refuses to provide the insurance policy number and has not…...
Following a water damage incident in the building, the syndicate of co-owners took the necessary measures by reporting the claim to its insurer. A $25,000 deductible was applied as part of the claim settlement, and the syndicate now seeks reimbursement of this amount from the co-owner identified as responsible for the leak. This identification was based on an inspection revealing that the leak originated from defective plumbing in the co-owner's unit. To proceed, the syndicate…...
How do I lower my home insurance premium?...
Last night, upon returning from work, I was faced with a disaster. As soon as I opened the door, the sound of running water alerted me. The bathroom had turned into a pool, with the pipe under the sink having burst. After shutting off the water supply, the urgency of contacting my insurer or a plumber became apparent. Should I also notify the administrators or the manager, considering the risk to adjacent apartments? The extent…...
A defective water heater belonging to a co-owner caused a water leak, damaging the hardwood floor in their apartment. Concerned about maintaining the state of the private portions, the syndicate decided to replace the hardwood floor and covered the costs since the damages were below the insurance deductible. The co-owner's liability insurance insurer offered partial compensation, covering 80% of the costs, taking into account the depreciation of the damaged floor and arguing that the depreciation…...
A co-owner accidentally damaged the entrance door to the underground garage, located in the common portions, with their vehicle. This door needs to be completely replaced. The co-owner's insurer is offering partial compensation, covering 90% of the costs, due to depreciation applied to the door. Furthermore, the amount of the damages is below the deductible specified in the syndicate’s insurance policy. Given the circumstances, the board must weigh the practicality of accepting the insurer's offer against…...
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A co-owner has repeatedly caused several water damages in our building, due to his negligence. This resulted in a surcharge for the syndicate's insurance. Question: Can the board of directors claim the full amount from the co-owner who caused the loss?...
