Most of us have experienced what homeownership is like. It is a consistent need to mow the lawn or paint the house. Many of us, particularly as we get older want to share in the responsibility of maintenance and co-own with like minded individuals. If you own a condo or are a condominium association, you are not likely to be solely responsible for maintaining the entire condition. Do you know what is covered by the condo association’s insurance policy? Do you know what is covered by the individual owner’s unit policy? What are the limits of these policies?
Most condominium association’s insurance policies come with these basic coverages:
– Basic Property Coverage – Property coverage shared common areas such as the roof, covered parking, or a lobby.
– Liability Protection – As a unit owner in a condominium complex, if you trip and fall in a common area, this type of claim should be covered by your condo association’s policy under their liability protection.
– Everything Else – The most important aspect of owning under a condominium association is understanding your state’s laws when it comes to the association’s required insurance policy for inside your unit. In Michigan, you own from the drywall in. The condominium insurance is not going to cover anything from the drywall and inside your condo. Cabinets, appliances, flooring, and paint is not covered (unless damaged from leaking roof or other common maintenance responsibility under condo association’s policy first). It is recommended for any Condo owner to purchase additional condominium insurance to cover everything from the drywall in.
The Public Adjusters from Adjusters of Michigan located in Macomb County, Michigan is your premiere “public adjuster near me” that you have been searching for. Licensed in the State of Michigan with license reciprocity to adjust claims in 47 of 50 states but California, New York, and Hawaii (the three states with no reciprocity with any other state). Our public adjusters recommend you obtain a copy of your master insurance policy and master deed from your condo association to review. Should you need help to review your policy to file a property insurance claim for your condo, our licensed public adjusters can walk you through the document and handle the process of filing a claim for you.
The public adjusters of the Adjusters of Michigan offer a No Recovery – No Fee services and No Obligation Consultations. Call our main office today at 248-808-5884 for any questions regarding your condominium association insurance policy and to properly file a condo claim.