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The body corporate insurance policy will often contain a clause requiring the payment of an excess, in the event of a claim. Where the damage affects only one lot then that lot owner will be responsible for paying the excess. Where the damage affects more than one lot, or a lot and common property then the body corporate should pay the excess. The body corporate may change these general rules where it is unreasonable to expect a particular party to pay the excess. The body corporate may also decide to share the excess between the parties.

 

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