I’m going to say it again: insurance claims have a relatively short limitations period. Most courts hold that an insured has two years after discovering property damage to bring a lawsuit against the insurer. There is often some confusion about what this means. The two year limitations period is NOT the time within which you must make a claim. That is the time to bring a lawsuit.   Read the entire article……………………………….

Editor

Recent Posts

Owners at Closed Ocean City Condo Complex Appeal for Help (MD)

Frustrated owners at the shuttered Seaspray Condominiums appealed to Ocean City officials Thursday to get…

4 hours ago

Reserve Funds: Don’t Be Scared to Use Them!

It begins with piggy banks. As children, birthday money, allowance, and loose coins from the…

4 hours ago

New Law Sets Reserve Requirements for NJ Communities

In response to the 2021 Surfside Condominium tragedy in Florida, many states and municipalities have…

7 hours ago

Why condo owners might need arbitration or mediation when facing a HOA dispute

If you are a condo owner facing a homeowners association (HOA) dispute, you should be…

7 hours ago

Insurance Costs on the Rise: What Can Community Associations Do? (FL)

With a major hurricane making landfall somewhere in Florida on nearly an annual basis over…

7 hours ago

IAM Western Territory Wins Landmark NLRB Ruling, Union Election for Colorado Homeowners Association Workers

In March, a road and facility technician working for the Crystal Lakes Road and Recreation…

8 hours ago