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Is condominium Homeowners Association responsible for personal property when water damage occurs?
Wiki User
∙ 13y ago
Two issues arise here: repair/ replacement and payment for water damage. One can assume that the personal property involved in the water damage event was located inside your unit, or inside your assigned storage area.
Properly, personal insurance covers these personal items.
You are well advised to photograph the damage, research your archives for original purchase receipts -- to verify their values, and be prepared to complete a claim. Your personal insurance broker can advise you about how to proceed.
Best practices dictate that the association's master policy become involved, since common areas are most often involved in water damage events. Once the source of the water is identified: another owner's Plumbing, window, association owned roof, whatever -- then the policy covering the responsible party pays for damages.
Once the insurance companies identify responsibility for the source of the water intrusion, payment is finalized for appropriately documented damages and repairs.
Wiki User
∙ 13y ago
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Is an heir responsible for condo hoa fees after condo abandoned and estate closed?
The titled owner of a condominium is responsible to pay assessments for a condominium unit, regardless of how the titled owner ended up with the title to the real estate. The state and the association's governing documents may extend this debt to a personal obligation that is separate from the titled obligation.
Does personal lines insurance include homeowners' associations?
Personal lines insurance typically does not include coverage for homeowners' associations. Homeowners' associations typically have their own insurance policies to cover their common areas and buildings. Individual homeowners may choose to purchase personal lines insurance to cover their own property within the homeowners' association.
How to write a personal letter of reference for a condominium association?
Any letter of reference, regardless of who you're writing it to, should contain roughly the same information. One idea is that you write the letter using the salutation, To Whom It May Concern. You most properly address a condominium association by addressing a letter to the Board of Directors of the corporation, usually in care of the management company.
Personal liability limit on homeowners insurance?
Is this seems like an incomplete question. Homeowners policies typically have personal liability on them.
Does homeowners insurance cover loss of personal property?
If you scheduled your personal property on your Homeowners Insurance Policy then it will cover. If you failed to schedule your personal property then it will not be covered.
Can a homeowners association contact your personal insurance and name themselves as a party of interest?
Depending on the situation, the association may be wise to take this step. If, for example, you are renovating or constructing your lot/ area/ 'unit', the association may want to protect its assets from construction damage. Project insurance may be a better choice here, than 'personal insurance'. However, the association may not -- willy-nilly -- get itself named as a party of interest on your personal insurance. Your broker can protect you from such a claim.
If you live in a townhouse who is responsible for insuring against flood damage?
For townhouses, you should make sure your homeowners association carries appropriate federal flood insurance which protects you and you neighbors from rising water from a stream, river, ocean or canal. If a flood in your house is caused by sewer backup or a broken pipes, you need to make sure your personal homeowners insurance covers those problems. Also, ask your homeowners insurance company how to insure common walls of a townhouse in case your neighbor has a broken pipe or some other internal problem.
Does homeowners' insurance cover a personal injury claim from another property owned?
No. Your homeowners will only cover personal injury if it occurs on the property listed on the policy.
Does homeowners' liability insurance cover personal injury on another property?
No, your Homeowners Insurance will not. Your Medical Insurance Will.
Who is responsible for your personal safety?
You are responsible for your personal safety.
The Association's Condominium Insurance Is Not Enough?
A condominium's association will have an insurance policy that covers the buildings. This can lead the owners of each individual condominium unit to believe that their belongings are covered under these policies, but this isn't necessarily the case. The association's insurance policy typically covers the outside of the building which means that the things people have in their condominium homes aren't covered. This is why these homeowners need condominium insurance. Owners of condominiums will not be looking for a homeowner's policy or even a renter's policy; they will need to make sure that they are seeking an insurance policy specifically for condominiums. The condominium unit owners will have to know everything their associations' policies do and do not cover in order to know what will need to be covered under their personal policies. The association's policy will, most likely, not cover the unit owners' personal items. This would include everything within the unit such as clothes, furniture and jewelry. The fixtures and the appliances may be covered under the association's policy but if they aren't, the condo insurance must include these types of items as well. Sometimes, people make improvements to their dwellings. Some association policies generously cover these improvements but if the policy doesn't, the right condo insurance policy will pay to repair any damage done to the improvements people have made. Before purchasing condo insurance, these homeowners need to take an inventory of all of the property inside the home that they would like to be covered under their policies. Don't forget about all of the items that are being stored in the garage; these items can also be covered under a condo insurance policy. Condo insurance can be made more affordable by seeking a quote from several different insurance companies. People may also agree to have a higher deductible; the higher they set their deductible, the lower the insurance company can set their premiums. They may also qualify for any discounts the insurance company has to offer. Lastly, if they purchase other types of insurance from the same company such as their auto and life insurance policies, they may be entitled to a bundling discount. The homeowner's insurance policy may have extensive coverage for each individual condominium unit, but these policies won't necessarily cover everything. All owners of condominium units need to find out what these policies don't cover and purchase their own policies to ensure that they can replace their belongings.
If the Home Owners Association for a condominium community hires a roofer to make repairs to the common area and there is damage to a unit owners personal property who is responsible for the damages?
It all depends. Depending on the insurance policy you carry on your personal property, and depending on the insurance carried by the association and the insurance carried by the roofer, there would be some number of possibilities for who ultimately pays. If I were you, I'd document the loss of my personal property and include photos. I'd verify the association's insurance coverage (carrier name, policy # if available) and the roofer's insurance coverage (carrier name, policy # if available). Then I would file a claim with my insurance carrier and pass the other coverage details along with the claim and let my carrier decide who should pay.
