In the end we received almost 10 times the amount the insurance company initially offered us. We all almost fell on the floor when you told us the news. Thank you again for your assistance. We could not have done it without your help. We only wish we would have had you at that initial meeting when that preferred contractor onsite. I am sure we could have saved ourselves lots of time and frustration.
Park Mediterrane Townhouse Owners Association
You just suffered serious damage to your condominium and you are wondering what to do next.
You call your insurance company and wait for an adjuster to come out hoping that they will have your best interests at heart.
You moved from the asset side of your insurance company's ledger to the liability side of their ledger.
How We Can Help
The More You Know, The Better The Results.
- Settlement We will negotiate the best possible settlement.
- Peace of Mind We can help you get back to your lives, family, and business sooner.
- Administration We cover every part in preparing and settling your claim.
- Team A team of experts on your side.
Factors To Consider
When filing a condominium insurance claim, there are many factors that need to be taken into consideration. To help you navigate the process, we have put together several talking points for you to review. Having a full understanding of each of the below bullet points is crucial to documenting, filing, and successfully settling your insurance claim. If any of these questions give you pause, please feel free to reach out to us for a no-cost discussion about your claim.
Can tenants stay in the undamaged units? Liability issues may make this a dangerous idea.
Your loss of rents claim is more than just submitting lease agreements. Why?
Replacement properties. Lease purchase strategy. Is it good for you?
Is it always beneficial for your building/property to be considered a “total loss?” If not, why not?
Are relocation expenses for Section 8 Housing tenants covered?
Frequently insurance companies use independent building consultants to prepare bids.
- Who are these consultants?
- Who are they working for?
- Do they only work for insurance companies? Why this should be a red flag.
In a condominium, where does the unit owner’s interest end and the HOA’s interest begin?
What is your broker or agent’s role?
- Will he/she be adjusting the claim?
- How many claims has he/she handled?
- Will his/her role be active or passive?
- What is his/her background in construction?
- When faced with supporting your position or the insurance company’s, where will he/she stand?
If you place displaced tenants in undamaged units, how does it affect your rents claim?
Is there coinsurance in your policy?
- If there is, what does it mean?
- If there is, did your insurance adjuster tell you? If not, why not?
- How is coinsurance calculated on replacement cost? On actual cash value?
- Properly managing coinsurance can prevent disaster. Not properly managing coinsurance can put you out of business!
Asbestos and lead-containing materials can have a major impact on your claim. Are you aware of how to properly address these in order to avoid future liability issues?
- Hazardous materials such as asbestos and lead can be expensive to address.
- You want to make sure your insurance carrier does not cut corners when addressing this issue.
Does your policy pay for removal of your tenants’ personal property? Disposal of your tenants’ property? Storage of your tenants’ property?
Are your continuing property management fees covered?
Code Upgrade coverage is very important when rebuilding after a fire.
- How does your coverage address code coverage?
- Green building upgrades?
- If your coverage is limited, is there anything you can do about it?
What does Title 24 and handicap access mean to you and your claim?
Condominium Client References
In addition to the 5,000 references on our list, here are some well-known names in the condominium community we have helped.
- Agoura Country Townhomes
- Arbor Park Collections Hoa
- Aspen Village Condominium Owners Association
- Avenida Siete Oeste HOA
- Balboa Park West HOA Villa Townhomes
Beverly View HOA
- Braemar North Ranch HOA
- Burton-Holt HOA
- Carlyle Tower Condominium HOA
- Casita Real HOA
- Century Park East HOA
- Coldwater Gardens HOA
- Cypress Townhomes, Ltd.
- Dickens HOA
- Embassy HOA
- First Jefferson Green HOA
- Fontanelle HOA
- Fountain Park Co-Operative
- Garden Park HOA
- Goldern Colonial HOA
- Graybriar Condominiums
- High Meadow Lane HOA
- Huntington Continental HOA
- Incline Terrace Condominiums
- Interstate Building
- Islands Of Mauna Lani
- Kahala I at Poipu
- LA Bougainvillea HOA
- Madoma Manor HOA
- Maple Towers HOA
- Maryland Lakes Condominium Assn
- Nine-O-One Tenth Street HOA
- Northcroft HOA
- Northgate Condominium Assoc.
- Northridger Townhomes HOA
- Oakwood Condominium HOA
- Ocean Strand HOA
- Paragon Villa HOA
- Park Place Condominiums
- PGA West HOA
- Pine Vista HOA
- Plateau Park HOA
- Pruneyard Vista HOA
- Regent Mary Ellen HOA
- Reseda Victory HOA
- Scotch Pines HOA
- St. Albans HOA
- Sycamore Park HOA
- Tarzana Falls HOA
- Tiffany Rexford HOA
- V.I.P. Parthenia HOA
- Valencia Fairways HOA
- Villas on Foothill HOA
- Vista Bahia HOA
- Westpoint HOA
- Wilshire IX HOA
- Winchester Acres HOA
- Windsor Townhome Association
- The Woods Of San Francisco Homeowners Association