Condo associations/HOAs in the state of Illinois are required, by law, to carry specific types of insurance. Where it often gets confusing to many homeowners and board members is who is responsible for the deductible when a claim occurs – the association or the unit owners?
Unfortunately, there is no cut-and-dry answer because it all depends on how the by-laws of the association are written. But if damage originates from or affects only certain units, the deductible may be charged back to those units.
Find examples and learn more, here.