In March, two devastating tornadoes tore through a Central Florida development near Haines City, damaging 28 units at a popular golf resort. Five condominium units were rendered uninhabitable by the storms. While the National Weather Service confirmed that the Grenelefe Golf and Tennis Resort was struck by the tornadoes, members of the condominium association worked to collect the debris in …
What is covered by my Florida condominium insurance policy?
If you own a Florida condominium, then your condo will probably need to be covered by 2 separate insurance policies. The first policy is called an association master policy, which will cover the common elements of the building. This includes the roof, floors, elevators, parking lots, and everything else that you share with the other residents. The association’s master policy …
Florida Condominium Unit Owner Insurance Claims
A condominium insurance claim may be treated differently than a typical homeowners insurance claim, because there are generally 2 separate insurance policies that cover a condominium unit. The first policy, generally called an association master policy, insures the basic building and common elements, such as the roof, walls, floors and elevators. The second policy is called the unit owners policy, …
Florida Condominium Unit Owner Insurance Claims (Cont.)
Filing a Condominium Unit Owner’s Insurance Claim If you have suffered damages that are covered by your plan, then you’ll need to notify your insurer. The first thing to do is make a list of the claims you want to make. Include each item and its individual value, as well as an estimate for repairs and replacements. An adjuster from …