Two lot owners took cash settlements after hail damage but haven't done the repairs — what can the owners corporation do?
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Our insurance cover allows lot owners to receive a cash settlement for their claims. All six units in our class B building were recently damaged in a hail storm. Two of the units opted for a cash settlement of their claim. The damages are not that extensive. The lots are liveable, and some repairs are cosmetic.
These two units with cash settlements have not carried out any of the repairs listed in their scope of work. Are the damaged but unrepaired parts of their units still insured?