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If you want to minimize water damage in your home — and surrounding units in your building — it’s a good idea to invest in a water leak sensor. These devices can sound an alarm when a ...
The leaky condo crisis, also known as the leaky condo syndrome and rotten condo crisis, is an ongoing construction, financial, and legal crisis in Canada. It primarily involves multi-unit condominium (or strata ) buildings damaged by rainwater infiltration in the Lower Mainland and Vancouver Island regions of coastal British Columbia (B.C.) .
The water damage in Copperfield’s apartment is so extensive, it could weaken the entire building’s structural integrity, according to the condo board’s lawsuit. (New York State Supreme Court)
The Florida Legislature passed condo reform legislation in a May 2022 special session as Senate Bill 4-D, addressing issues highlighted in the aftermath of the Surfside collapse. [206] It was modeled on the 40 year recertification [207] scheme. [208] The bill creates a state-wide inspection program for condo buildings taller than three stories.
Dear D.W., You are correct that pursuant to Section 718.111(11), Fla. Stat., in the event of a casualty, such as a fire, the association is responsible to insure, as well as to repair and replace ...
An insurance policy may or may not cover the costs associated with water damage and the process of water damage restoration. While a common cause of residential water damage is often the failure of a sump pump, many homeowner's insurance policies do not cover the associated costs without an addendum which adds to the monthly premium of the policy.
Plumbing: Most homeowners insurance policies should cover plumbing-related damage unless it is the result of negligence, a long-term leak, old pipes or a sump pump.
The loss must specifically be listed to receive coverage. Fortunately, the "broad form" is designed to cover the most common forms of property damage. Broad-form covered perils: All basic-form perils; Burglary, break-in damage; Falling objects (e.g. tree limbs) Weight of ice and snow; Freezing of plumbing; Accidental water damage
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