Quote:
Originally Posted by spacebjorn
Crazy. I wonder how much of it will be passed on to the strata and homeowners. Hard to imagine Westbank would willingly absorb this hit. I’d imagine also a lawsuit brewing if they don’t try to remediate at all.
|
In warranty we trust!
Outside of that, the current exposure/deductibles/loss world is a mess when it comes to multi-family buildings.
We are considering upping our deducible to 50k from 25k just to keep rates down.
*25-75k a year in water damage is not uncommon