After a loss event where your home or other property has sustained severe damage, there is going to be an overwhelming amount of noise. This noise will be from other homeowners, your management company, and of course, the numerous personalities that you will encounter in the insurance claim process. This post is an attempt to assist Board Members and Managers sort through the people they interact with more efficiently.

The most important points of any insurance claim is that you have a covered peril that caused damage to covered property. In this module, we will examine a condominium declaration and discuss how it pertains to your Association Master Insurance Policy vs your Homeowners’ HO6 Policy.

Insurance policies can be written in a confusing manner, often having some sections alter or limit other sections. Unfortunately, not understanding the intricacies of your insurance policy will not protect you in the event of a loss that simply is not covered.

The principle of indemnity is a critical component to every insurance contract and states that that an insurance policy shall not provide compensation to the policyholder that exceeds their actual loss under a replacement cost policy or contract.

A public adjuster is a licensed professional who is able to represent and assist the policyholder.