 Condominium insurance coverage is essential when you own property in Highland Beach, Florida, or any other part of the state.
When you first purchase a condominium unit, you are provided with a set of “condo documents” at closing. Those documents include the Declarations of the Condominium, Articles of Incorporation, Amendments, Rules & Regulations, etc. The documents will also explain the parts of the unit and building that are the responsibility of the unit owner and the condo association. In the event that you need to file a property damage insurance claim, it’s important to understand your insurance coverage. What Does Condo Unit Owner Insurance Cover? As a unit owner, your insurance policy typically covers your personal property and floor, wall, and ceiling coverings. Also, electrical fixtures, appliances, water heaters, water filters, plumbing fixtures, built-in cabinets, countertops, and window treatments. Coverage Usually Excluded In A Unit Owner Policy A unit owner’s policy does not cover drywall, plumbing, and electrical fixtures inside the walls or above the ceiling. Also excluded from a unit owner’s policy are roof coverings, windows, and exterior doors, as well as any common elements that are the responsibility of the association. Although your condominium documents may state the unit owner is responsible for some of these items, the Florida Statute says otherwise. Read your condo documents to ensure you have the right coverage in your policy. Who Should File An Insurance Claim Depending on what portion of the building is damaged and what caused the damage will determine if you or the association should file an insurance claim. When there is damage to the portions of the building owned by the association, the association should file a claim with their insurance company. If a unit owner sustains property damage to the interior of their unit, depending on what caused the loss, will determine if the unit owner should file a claim with their insurance company. Reliant Insurance Adjusters has the knowledge and experience to understand the complexities of insurance policies and condo documents. We handle new, underpaid, and denied claims. Contact us today to help you with your claim or for a free insurance policy review.
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 We are approaching that time of year again in South Florida when the rain doesn’t seem to end.
Rainy season can be peaceful and tranquil sometimes, but it may not feel that way when you have a roof leak. We will begin to receive calls that someone has property damage, and their roof is leaking. However, will the damage be covered, and is there enough damage to file an insurance claim? Assessing The Damage Oftentimes, when your roof begins to leak, the damage can be isolated to a small area of your property. Many people see water stains on the ceiling and instantly want to file an insurance claim. They do not view the amount of their deductible compared to the amount of the damage. Also, your policy may not cover the roof repair cost, depending on what caused the roof to leak, and your claim may be under deductible if the damage is minimal. Is The Damage Covered? During the past few years, I have written many blogs about the erosion of coverage. Most policies today no longer cover interior damage resulting from a roof leak. Some insurance companies still do, but very few remain that will cover interior damage from a roof leak. You need to know and understand your insurance policy, your deductible, coverages, and the exclusions. Causes of Loss That Are Covered Your property insurance policy generally covers ensuing damage caused by fire, water damage, lightning strikes, hurricanes, hailstorms, and tornados (unless hurricanes and wind are specifically excluded). Additionally, some policies contain water damage limits, which could mean a large amount of money out of pocket if you have property damage. Make sure your property is fully covered and protected with the proper coverage. Should You File An Insurance Claim? Not all property damage results in a covered insurance claim. You should understand your insurance coverage and your deductible. Then, assess the damage and determine if the amount of damage warrants filing an insurance claim. At Reliant Insurance Adjusters, our knowledge and experience matter. We specialize in new, underpaid, and denied claims and pride ourselves on honesty and integrity. We understand insurance policies and are dedicated to providing you with our knowledge and experience. Contact us today to help you with your claim or for a free policy review. |
