Unfortunately, due to water intrusion from Hurricane Fay the fourth floor experienced some leakage from the roof. The insurance adjuster came out on the property to estimate the damage. The water intrusion came from the platforms where the air conditioners sit on. This is a latent defect from the developer and was listed in the engineering report mentioned in a previous post. I was not apart of the discussion with the insurance adjuster so I am not sure what was discussed. As soon as I find out, I’ll let you know.

Why do I need to call my insurance carrier- if the leak came from the roof?

If you had water intrusion into your unit on the fourth floor then please call your insurance company, asap. Once the water seeped into your condo then it became your responsibility. Even though the leak came through the roof (common area) it is still your responsibility as soon as it enters through your ceiling- which means you’ll need to contact your insurance carrier. The water also seeped into the common areas such as the hallways. Our master policy will cover the hallways and the roof, but your ceiling damage is covered by your insurance. It’s an important distinction. Please make sure you have adequate condo insurance and if you are renting out your condo you must have condo insurance and ask your renters to get renters insurance. Each of us signed a document that stated we have condo insurance. Many people are misunderstanding what the master condo policy covers and are not getting condo insurance.

Condo insurance covers floor to ceiling, interior walls, etc. The renters insurance actually covers contents in the event of burglary, fire, etc. If you are an owner occupied unit, then make sure your condo insurance also includes contents.

You must carry condo insurance. Condo insurance is considerably less money than if you have to insure a single family home b/c the master policy covers your exterior and you only need to cover your interior by purchasing condo insurance.

I know some great insurance agent and I just renewed my condo policy and it was $324 for the year and I carry a lot of coverage. Let me know if you want the contact number for my insurance lady.

If you do not have insurance, please make sure you get a policy this week! I would also double check your coverage with your policy every year to make sure you are happy with the amount of coverage you have. It also makes sense to get it requited with other companies every year or so. I just did and it saved me $200 a year.

If you have any questions feel free to ask them here by typing a comment below.