While there are many advantages to condo living, when a condo development, or even a single unit sustains property damage, a number of ordinances and regulations must be considered as well as the preparation and submission of a condo damage claim. Condo owners will own a unit either within a building, however when their unit is damaged, there are many impacts to be considered, not the least of which is the potential increase in their insurance premiums as well as increased carrying costs that are felt community-wide. With United Public Adjusters & Appraisers as your personal public adjuster, individual condo owners, as well as their condo Board members, can be assured that no regulation will be overlooked.
According to the Insurance Information Institute, property damage accounted for 97% of the insurance claims filed in 2021. Of these, the average individual condo owner’s claim hovered around $15, 000, of which most damages were caused by fire and lightning, followed by water and freezing damage. With a shared roof and wall structure, condo communities as well as their residents have additional impacts to be considered. These include damage to common areas. Another example, when investigating water damage in a condo, is to determine if a plumbing leak from one unit is an isolated event, or one which could potentially cause property damage to adjacent units. Most community bylaws will take such incidents into consideration with obligations on the part of the Board as well as residents. This information, including the mandated steps to follow, needs to be factored into the preparation and submission of every condo damage claim or prevent the claim from being denied outright by the insurance carrier.
This is where United Public Adjusters & Appraisers excels. On behalf of our clients, whether it is the Community Management Team, or an individual resident, we will step in at any phase of the claims process. Unlike your insurance carrier, we work on your behalf. And, in the extremely rare incidence where we are not able to bring about a satisfactory conclusion, there is no fee for our services. First, we will review your policy, then assist you to document the full extent of your damages -both hidden and potential- as well as with the preparation and submission of your condo damage claim. Our construction estimation experts know that the full extent of water damage in a condo can be difficult for untrained eyes to detect. We know what to look for, and it is this level of expertise, among others, that can support our negotiations on your behalf with your carrier to bring about a just settlement. Our goal is to assist you to restore your property to its former condition in as short a timeline as possible. The shock of being displaced by events caused by fire or water damage in a condo or condo common area can be very disruptive.
Allow United Public Adjusters & Appraisers to apply our professional skills to resolve your insurance claim to your best advantage. Contact our office today to learn more.
