Question

 I am renovating my condo unit on the 5th floor. I broke open a water pipe causing it to flood down to the lower units. Am i responsible or would the damage be coverd by the building condo insurance.?

Answer Since you caused the damage, your HO-6 condominium unit owner's insurance may cover the cost of repair. However, your insurance company and the insurance company that carries the master policy will... Read More »
http://wiki.answers.com/Q/I_am_renovating_my_condo_unit_on_the_5th_floor._I_broke_open_...

Top Q&A For: I am renovating my condo unit on the 5th floor....

If the cable tv company causes water damage to a condo unit will the condo association insurance cover it?

As a condominium owner, generally, you are covered by two insurance policies:The master policy, which insures all the assets owned in common, and may include liability insuranceThe HO-6 homeowner's... Read More »
http://wiki.answers.com/Q/If_the_cable_tv_company_causes_water_damage_to_a_condo_unit_w...

IF my upstairs condo is untouched by a flood but the building's ground floor is damaged so badly that the entire building is unlivable would my flood insurance protect me?

Let's first review what a condo is. A condominium is an arrangement in which you own your own living space outright (your condo apartment), and you share joint ownership (with all the other condo o... Read More »
http://wiki.answers.com/Q/IF_my_upstairs_condo_is_untouched_by_a_flood_but_the_building...

Is condo insurance responsible for flood damage?

If the master policy is written to include flood coverage, then, yes.
http://wiki.answers.com/Q/Is_condo_insurance_responsible_for_flood_damage

What do I do when I have no HO insurance for my condo and my condo association and builders claim that my fridge caused substantial water damage in the unit directly below mine not sold and not rented?

You are responsible for any damage caused to someone else's property, why did they let you move in the condo without proper insurance is beyond me, whether the unit below you is rented or not is of... Read More »
http://wiki.answers.com/Q/What_do_I_do_when_I_have_no_HO_insurance_for_my_condo_and_my_...


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