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Comment on Davis-Stirling Common Interest Development Act by Vital Insurance Information Your Current Agent Doesn’t Want You to Have

Vital Insurance Information Your Current Agent Doesn’t Want You to Have — Wed, 13 Jan 2010 20:26:03 +0000

[...] Davis-Stirling Common Interest Development Act [...]

Comment on Q&A: Ask Elliot California Condo Association HOA Insurance Questions Here by Elliot Katzovitz

Elliot Katzovitz — Tue, 12 Jan 2010 20:23:39 +0000

From the information that I have I can’t tell you if insurance will cover it. What is the cause of the sinking? Sinkholes are typically covered, subsidence is typically excluded. Is this a failed maintenance issue or an act of god. If it is maintenance it is going to be typically excluded, but if it is an act of god it can be covered. In order to know for sure you need to see the fine print of your contract and have all the facts. If I was living in the association and I was facing a potential $100,000 loss for all of the owners, I would be tendering it to the carrier to see if they will pay. This is what insurance is for.

Comment on Q&A: Ask Elliot California Condo Association HOA Insurance Questions Here by Karen

Karen — Tue, 12 Jan 2010 01:17:43 +0000

hi ~ my mom lives in a condo/townhouse (i know there is a big difference, but haven’t quite figured out which her unit is). the whole building is sinking (6 units total). her personal insurance doesn’t cover this, but I’m wondering if the HOA would have some sort of coverage (because this is a huge out of pocket expense ($100k++)to fix for the 4 owners whose units are sinking!). and if so, how do I approach getting them to help out (because the HOA said they won’t do anything when I first talked to them) thanks!

Comment on Q&A: Ask Elliot California Condo Association HOA Insurance Questions Here by Elliot Katzovitz

Elliot Katzovitz — Mon, 30 Mar 2009 15:59:09 +0000

I don’t know what state you are in. but in CA it is legal. They have a right to submit a claim under the master policy. There are strategies to eliminate the effects of someone doing this. I”m happy to share them with my clients.

Comment on Q&A: Ask Elliot California Condo Association HOA Insurance Questions Here by Q

Fri, 06 Mar 2009 02:54:17 +0000

good evening
i wanted to ask what happens when a member of the HOA submits an insurance claim(for an exclusive common area) using the HOA insurance without HOA approval? The HOA has not seen any estimates. The owner faxed them directly to the insurance company. It seems as though this violating something??? thank you
sorry..1st email had my wrong email address