Published on: November 17, 2017
The amendment which was signed by the governor on June 29, 2017 takes effect immediately. The new legislation allows a unit owner to obtain a written copy of any insurance company damage appraisal or any damage appraisal (regardless of who prepares it) in regard to a casualty loss/damage to a unit. The legislation requires a condominium board to provide this information/documentation within 14 days of the request. The legislation also entitles a unit owner to any determination by the board or the insurer that the damage is not covered by insurance or is below the deductible of the condominium’s master policy. The legislation was supported by the CAI Rhode Island Legislative Action Committee. The legislation has been codified at Section 34-36.1-3.13(2)(d)(i) of the Rhode Island Condominium Act. All Rhode Island condominium board and managers should be aware of this new law and the affirmative obligation to provide information upon request.
For a copy of the changes [click here].
Any questions regarding this article please contact Ed Allcock at email@example.com.