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The who should pay part might be even more important now. As a condo the individual owners are collectively on the hook for repairs if insurance doesn't pay out
by rpeden 5y ago
The who should pay part might be even more important now. As a condo the individual owners are collectively on the hook for repairs if insurance doesn't pay out. And they're now in possession of condo units they can't sell and also can't live in. Their individual homeowners insurance will presumably, hopefully cover them now.
- jessaustin 5y agoIf there are other insurers involved, they should already be running the lawsuit against the scam insurance company. If it only took a week to find another building like this, Florida over the next five years is going to be very good for attorneys and very bad for insurers.
- staticman2 5y agoThe damage to the building is presumably in the condo's common elements, so no I do not believe it would be covered by a individual homeowners policy. Their individual unit has no damage, it's the structure below the unit that needs repair. The homeowners are out of luck until a claim is made on the master insurance policy. This shouldn't actually be a problem because that's what the master policy is for but it sounds like something has gone wrong with making a claim.