Condo Association and Insurance. Who Covers You?

4/10/2017 (Permalink)

Before filing an insurance claim, condo owners must determine who is liable for water damage.  Determining who is responsible or liable for condo water damage can be pretty tricky, and is dependent upon the cause of the damage. A Condo Association maintains insurance to cover common areas in the complex, and individual condo insurance policies cover the interiors of individual units, such as walls and floors.

When a water damage occurs in a condo, it does not matter where the water came from.  Keep in mind that each unit owner is responsible for their own unit.  The HOA is also responsible for the repairs and dry out or clean up.  Before filing an insurance claim, condo owners should contact a restoration company to perform an assessment.  A professional restoration company will be able to assist the homeowner and the association to coordinate the clean up and repairs.  Condo owners should also review their individual condo coverage and determine what is covered by whom.  If the water damage was caused by a pipe that burst in the kitchen, the claim will most likely be covered by your own individual insurance.  If the water damage was caused by another unit, that will be a little tricky.  This is why its very important for every condo owner to be informed of their condo association’s master policy and their personal condo coverage, inside out!

Toxic mold growth can start within 48 hours of the water damage, if you notice any water damage, either coming from your unit or another unit, notify us SERVPRO of Oldham/Shelby and your condo association and inform them of what is going on.  When dealing with the condo association, be persistent and make sure you receive an immediate response, especially if the water damage has made your unit uninhabitable.

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