Residing in a condominium or homeowners association provides a unique set of insurance claim issues. For instance, many condominium owners undergo property damage which originated or resulted from either another unit owner’s piece of land, or from the association’s residential property. Examples of such claims encompassing water leaks, mold inhabitants or fires. Condominium property damage claims can be difficult because the unit owner often is required to pursue the insurance of a third party such as the unit where the damage initiated from, or the association’s insurance organization itself. Since those third party insurance companies do not have any direct obligation to you, these establishments typically frustrate, delay and sometimes even deny a condominium owner’s right to recover money for the restitution that were sustained. Moreover, this can be intimidating for condominium unit owner to go up against an association’s board or the decisions the board has made and may feel incapacitated as a result.

These types of claims are called third party claims and may necessitate that you file a lawsuit against the other unit owner or the association in order to force their insurance companies to get concerned and pay you for your property damage. In most of these circumstances, the insurance company will refuse to talk over with you until you take this step.

Steps of filing Ft Lauderdale condo insurance claim: 

  • First, keep a record of the time and date of the incident, as well as how it took place.
  • Second, record
  • Record all the damage with photographs or a video.
  • List all personal property that was damaged or stolen, as well as each item’s estimated worth.
  • Call for your insurance agent or company. You will subsequently be assigned a claims adjuster that will reassess your claim and inspect damages if it were necessary.
  • Once your claim is filed upon, it is settled and your insurance adjuster gives you the green signal, you can start repairs.
  • Nevertheless, you may want to get several estimates from reputable contractors before beginning the repairs.
  • If it is a simple matter to find out the value of your loss, the adjuster might help you with a check on the spot.

The most common reason for a Ft Lauderdale condo insurance claim to be denied is that the policyholder is making a claim for damage that is not covered by the policy. Policyholders often believe that their condominium insurance covers flood damage, which is not the case. Thus, having a detailed understanding of your policy beforehand can save you time and efforts.

Meantime, on other occasions, the insurance company may be suspicious of fraud. For example, if the insurer suspects your damage is due to your carelessness, and not because of a cyclone, like you claim, they may refuse your claim. Furthermore, your insurer might also fish fraud, if you claim you lost high-ticket items, for which you have no proof of ever possessing. For this reason, it’s important to keep photographs and receipts for your priceless assets.