Question

 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?

Answer 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...

Top Q&A For: IF my upstairs condo is untouched by a flood bu...

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.?

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_...

Can a condo homeowner be charged a fee to obtain a master condo association flood certificate of insurance?

Depending on the source of the certificate, it may be that there are expenses related to producing it. The management company may have a set fee for all copies, scans and so forth. The insurance co... Read More »
http://wiki.answers.com/Q/Can_a_condo_homeowner_be_charged_a_fee_to_obtain_a_master_con...

Are lenders requiring flood insurance in flood zones?

On One Hand: Insurance is NecessaryAccording to the United States Department of the Treasury, banks have to require you to purchase flood insurance before giving you a mortgage if the property is o... Read More »
http://www.answerbag.com/q_view/2065985

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


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