HOA & Condominium Claims are Complicated
One of the more difficult types of cases we deal with is condominium and homeowner association claims. We recognize that getting your property back to normal is a top concern, but taking the time to read through your policy, assess and document all property losses, and develop a plan before submitting a claim might make the difference between a $1,000,000 and $3,000,000 payout.
Why Would A HOA Claim Be Filed?
The majority of property damage claims filed by homeowners’ associations, condominium associations, and townhouse associations are due to structural damage to several condos, units, or common areas. When the damage is severe, it’s even more difficult to account for, document, and cover all insured losses.
Denied Your HOA Claim
This complicates the recovery procedure, which insurance firms typically take advantage of. They frequently allege that the damages are undocumented or that the policyholder failed to notify their insurer in a timely manner. Many times, an insurer would simply deny a good claim without providing a valid reason or explanation.
Individual unit owners, on the other hand, have their own insurance, sometimes known as a HO6 insurance policy. This gives condo/unit owners coverage for their personal goods, as well as everything within their unit’s walls (s). This policy also covers liability claims and helps cover living expenses if the unit becomes uninhabitable.
Your Homeowners Association Insurance Claim
We have years of expertise submitting HOA and Condominium claims at Public Adjuster Pro. Don’t make the mistake of agreeing to a settlement figure before meeting with a public adjuster; you could be losing out on a significant amount of money.
If your HOA has suffered a loss or damage to many buildings, securing the best insurance settlement can make a big difference for everyone involved. We can assist you in navigating the complexities that may arise as a result of several owners, substantial damage, and the complexities of your association’s legalities.
In fact, due to the complexities of the regulations governing your HOA and the local government, your insurance claim necessitates the assistance of an expert. While you may be well-versed in your community’s regulations, it might be difficult to navigate when it comes to your insurance claim. We have the knowledge and experience to make sure you get the most out of your claim!
Do you have any questions? Fill out the contact form to start a free, no-obligation consultation to discover more about how we can help.
You wouldn’t go to court without an attorney, don’t try to settle an insurance claim without us!