Not My Circus, Not My Monkeys! Or… Is it? Condominium Casualty Losses and Insurance Issues (VA)

The following scenario is all too familiar for many who live in or manage a condominium: a pipe bursts in a unit, water is everywhere, panic ensues, with all those affected looking to the association to both stop the water leak and make the repairs. The initial instinct on the part of the association may be to treat this as a “unit-to-unit” problem on the grounds that it is a unit casualty loss that did not originate in the common elements. Oh, and filing a claim on the association’s master insurance policy for the damage to Units – out of question!    Read the article………………………..

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