 I joined an expensive gym about 6 months back and find myself never going, i called and tried to cancel? |
| the membership saying it was medical problems (I was lying...I know I am sorry...not really though, this gym is over priced) but the lady said I needed to present a doctors note in order to have get ... |
|
 Do I need flood insurance for my condo unit or the building as a whole? |
| My mortgage company recently sent a letter stating that we need to provide proof of flood insurance. Fema has now declared my address is in a flood plain. Wouldn't the building need to be ... |
|
 My car was inside a garage that cought fire will the home owners unsurance cover the damage? |
My fathers garage cought fire on friday he is insured by state farm unfortunately my car was inside of the garage.
I whant to now if my fathers insurace will cover personal damage to my property.... |
|
 Life Insurance? |
| I had a child in 2007.. is it necessary for me to get life insurance? Why.. and what is the best carrier (in your opinion) to use? Also, what rules do I need to know before I opt to get it? Thanks.... |
|
 Can i get disability insurance through my business if I'm diabetic? |
| I own a small business in CA & cant be insured under Workers Comp....... |
|
 Contents insurance? |
| what is the average amount of money that people cover their contents for? i have a 3 bed house with the usual amount of electrical paraphenalia, how much cover should i have? is there a site where ... |
|
 Can my wife remove me from her Health Insurance? |
| My wife and I have separated. We are currently living apart from each other. She is employed full-time. Recently, she cancelled my health insurance that she receives through her employer. I had heard ... |
|
 Why does Suze Orman hate whole life insurance? |
Orman repeatedly says how much she hates whole life on her show.
I was doing a bit of research and found that Robert C. Wright who is the head of NBC Universal (Suze's Boss) spends 506,000 ... |
|
 Is plumbing failure covered by home insurance? |
| pipes under the house are broken th the sewer lined requires breaking up the floor of basement and lavoratory to ... |
|
 What's the cheapest/best insurance company? |
| I've seen all the crap on TV... insurance companies claiming you can save hundreds of $$$ if you switch to them... I currently have my full coverage policy through State Farm. Can I REALLY save ... |
|
 Does a homeowners policy cover excessive damage that the tenants did to a rental property? |
| After surveying the property upon the tenants' moveout, I discovered that they had completely trashed the place, doing damage far in excess of the security deposit. Is that something that would ... |
|
 Insurance Agent? |
| If I wanted to become an insurance agent, how do i go about getting an insurance job, just so i can gain some experience? Are there companys that do paid internships near stamford, CT? T... |
|
 How will know if an auto insurance company is fraudulent or not? |
| what agency should i go to check whether if its legal or not?... |
|
 Is sump pump failure and related damage covered by most homeowner’s insurance? |
| Is sump pump failure and related damage covered by most homeowner’s insurance and do I have to wait for the assessor or can I repair the pump and start getting the water and damage dried out...... |
|
|  |
Quake22 | Insurance question regarding a condo? |
I own a condo and have condo owner's insurance + the blanket policy for the unit. There is a leak above my condo's patio door caused by faulty stucco on the exterior. I have requested my HOA fix it and they haven't got around to it. Now, there is extensive damage to my wood floors. Would I have to file a claim under my policy or the condo's blanket policy to repair my wood floors? |
 |
 
mariko m
|
Quake22, Home insurance is actually very flexible. I'm not familiar with all the details of my homeowners policy, but my home insurance agent is always helpful. Try contacting your agent or a agent in your town. http://www.easyhomeinsuranceguide.com They will be able to assist you. |
|
mbrcatz
 |
OK, so you say, you have your own condo unit owner's policy, plus there's a master policy in place.
Likely, the damage should be the responsibility of the association, however, many condo master policies exclude coverage for water damage, or have a really high deductible (like $50,000). So, I would actually file the claim under BOTH, because it's highly likely that your damages are UNDER the deductible for the master policy. Then YOUR insurance company will go after the association for reimbursement.
Which means, you really need to go to your association first, and say, hey, I think this is association responsibility, according to the bylaws. Are you guys going to pay this? And if you don't, I'll file my claim with my homeowners, and if they agree it's assciation responsibility, they'll come after you for the money PLUS claims expenses . . . |
|
david o
 |
If you notified the board, especially if in written form, and they did nothing, you have a good case for compensation.It is very important for you to document any conversations about the situation. Phone calls, personal conversations, other owners knowing of the situation should be written down. Every HOA document is different. Study it carefully and know your rights. Good luck. |
|
nam_miles
|
Call your insurance company, get the adjuster out there. Get your insurance company to hassle the condo assn. If they don't fix the exterior leak, there's not much sense in getting your floors repaired now. |
|
es
|
You need to put it in writing and demand that the association make the necessary repairs. At the same time, you need to inform your own insurer. Your insurer will go after the association to collect (subrogate) any proceeds they pay you, attributable to the fact the association failed to maintain the exterior. Let your insurer slug it out with the association and their insurer. |
|
car253
|
It would be paid under your own condo policy. You may sue the association in small claims for your deductible. I don't think your insurance company will go after them for it.
If you sue your condo association make sure you sue for your deductible and to get that repair to the building fixed so this loss does not happen again. Or contact the insurance company that has the association policy and let me know of the problem. They may force the association to fix the problem or they will drop them. They are there to prevent claims from happening. I would go to them for help.
|
|
MARK S
 |
File a claim with both yours and the master policy. Your own policy usually has 10% of your contents amount for building coverage that you are responsible for.
Be aware however, many policies will not cover a "leak" or faulty workmanship or damage done because of. A leak is often times considered a maintence issue. If the wind or something damaged the stucco and that caused the water to leak in that would be covered. |
|
Barbara L
|
Read both policies to see what covers what. I hope that you kept a record of when you contacted the condo people and requested a repair. (both in writing and photo). You pay for maintenance fees to the condo association, so I feel that the association should be responsible for the repairs.
Good luck. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 18 minutes(s) ago
| | | |
8 | 22 minutes(s) ago
| | | |
7 | 29 minutes(s) ago
| | | |
7 | 2 hour(s) ago
| | | |
7 | 4 hour(s) ago
| | | |
8 | 7 hour(s) ago
| | | |
8 | 1 day(s) ago
| | | |
8 | 6 day(s) ago
| | | |
8 | 2 week(s) ago
| | | |
7 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
