DO YOU LIVE IN A CONDO - KNOW WHAT'S COVERED AND WHAT'S NOT!
You live in a condo and think the condo association covers damages in your unit, think again! It’s very important that every Florida condo owner have specific knowledge about where their insurance coverage begins and ends. Unfortunately, we find in our business that many condo owners really believe that since their condo association has insurance that’s enough to cover all damages. This is not true.
A recent insurance claim we were contacted about proved this point. The unit owner left her apartment for the afternoon, when she returned the entire unit was soaked in 3 inches of water. It was so bad, the unit below sustained water damage. The cause of this mess was a weak water line connection to the refrigerator, it can happen to anyone. Well, this women contacted the association regarding the insurance claim. The association informed her that the damage to her unit and the condo below is not covered by the association. This is a common scenario.