J.N. from San Francisco, California writes: Dear Mister Condo, I have a condo in a 65-unit complex. My building has 5 units and it shares 1 water heater. This water heater started leaking and caused damage to the common area and my unit, including my flooring and kitchen cabinets. The CCRs require me to file…
Search Results for: insurance
Condo Insurance Policy for Outdoor Items
B.P. from Allegheny County, Pennsylvania writes: Dear Mister Condo, I added an awning above my patio. What insurance will cover this? I have an HO6 policy and condo has master policy but I don’t see where either policy covers these items. Also, patio furniture and a grill. Mister Condo replies: B.P., even though you may…
Condo’s Master Insurance Deductible Passed on to Unit Owners
N.N. from Hartford County, Connecticut writes: Dear Mister Condo, Our condo association has a master insurance policy that has a $5,000 deductible. If a unit incurs damage up to $5,000, the association, out of their operating budget, would cover the cost. They are now looking to each individual homeowner to file a claim with their…
Insurance Money for Destroyed Condo that Isn’t Rebuilt
J.P. from Fairfield County, Connecticut writes: Dear Mister Condo, If condo makes decision not to rebuild, after major disaster, how is the money collected from insurance distributed? Mister Condo replies: J.P., it is highly unusual that an association would not rebuild although not unheard of. If your association has experienced this type of disaster, I have…