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HOA / ASSOCIATION INSURANCE CLAIMS
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HOA / ASSOCIATION INSURANCE CLAIMS
Dealing with Home Owner’s Association insurance claims is one of the most complex cases we handle. Many factors go into a claim with HOA that vary by situation. One of the bigger issues with an insurance claim with HOA is that they tend to have multiple stakeholders, each with their own opinions on the situation. Each stakeholder also has their requirements and concerns that can make the case more difficult to tackle. 
 
When a detrimental situation occurs to any HOA property, it is often troublesome to adjust any losses. It is even more difficult for the owners to agree on a repair plan. The claim management process can become complex fast. Be sure to keep the following changes in mind as you progress through the insurance claim process:
Dealing with Home Owner’s Association insurance claims is one of the most complex cases we handle. Many factors go into a claim with HOA that vary by situation. One of the bigger issues with an insurance claim with HOA is that they tend to have multiple stakeholders, each with their own opinions on the situation. Each stakeholder also has their requirements and concerns that can make the case more difficult to tackle. 
 
When a detrimental situation occurs to any HOA property, it is often troublesome to adjust any losses. It is even more difficult for the owners to agree on a repair plan. The claim management process can become complex fast. Be sure to keep the following changes in mind as you progress through the insurance claim process:

INTRICACY:

Multiple units can be affected by an insured loss at a condominium. The more severe the damage, the more difficult it becomes to assure that every insured loss is accounted for, substantiated, and most importantly, covered. Our public insurance adjusters are equipped to handle a situation with extensive property damage. 

OWNERSHIP:

There are often many conflicts that arise when a condominium claim is put into process. Condominium claims often affect many owners, each with varying property insurance policies and plans to restore their properties. Often, there are heavy disagreements on who is at fault, repairs, priority, and responsibility. 

LEGALITY:

Condominium properties are subject to a fast-changing statutory culture. Unfortunately, this adds legal complexity to the insurance claim process. These varying factors can ultimately affect how soon a claim is settled and can change the outcome as well.

REGULATIONS AND STATUTES:

Some condominium associations are governed as homeowners associations. This drastically affects the regulations and statutes, and the outcome of your insurance claim.

INTRICACY:

Multiple units can be affected by an insured loss at a condominium. The more severe the damage, the more difficult it becomes to assure that every insured loss is accounted for, substantiated, and most importantly, covered. Our public insurance adjusters are equipped to handle a situation with extensive property damage. 

OWNERSHIP:

There are often many conflicts that arise when a condominium claim is put into process. Condominium claims often affect many owners, each with varying property insurance policies and plans to restore their properties. Often, there are heavy disagreements on who is at fault, repairs, priority, and responsibility. 

LEGALITY:

Condominium properties are subject to a fast-changing statutory culture. Unfortunately, this adds legal complexity to the insurance claim process. These varying factors can ultimately affect how soon a claim is settled and can change the outcome as well.

REGULATIONS AND STATUTES:

Some condominium associations are governed as homeowners associations. This drastically affects the regulations and statutes, and the outcome of your insurance claim.

Our public adjusters have helped many HOA’s and Associations from disasters of all types and sizes. Contact us today for a free claim review and learn how we can help.

Our public adjusters have helped many HOA’s and Associations from disasters of all types and sizes. Contact us today for a free claim review and learn how we can help.

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