Insurance-Who is liable to pay for the excess?
Imagine this. A fire has occurred within a strata unit and caused damages to the unit. The subsidiary proprietor (SP) filed a claim under the Damage Policy carried by the MCST as provided under Section 69 of the Building Maintenance & Strata Management (BMSMA). The repair cost for the damages at the unit came up Read more about Insurance-Who is liable to pay for the excess?[…]