it varies from state to state. In Florida, the condo associations insurance would cover that as long as the policy was "special form" if it is in "basic form" than the Difference in Condition policy would respond.
If this is for a home: you can ask your insurance broker or carrier whether this damage is covered by your insurance. If this is for a condominium: you can notify your board and turn the matter over to them to handle with the master insurance carrier.
Condo insurance can be purchased at the same places that sell homeowners insurance and will cover the costs of your property inside your condo and will pay for damages incurred.
Condo insurance usually covers fire if it was unintentionally caused. It is always a good idea to read through your policy to be sure. If you do not have a copy, you can call your insurance company and they will send you a new one.
Homeowners Insurance Policies always exclude preexisting un-repaired damage.
Read your governing documents to determine who owns the pipes. They may be common area assets, or limited common area assets -- dedicated to owners or an owner, but fewer than all owners -- or they may be owned by the unit owner. As well, contact your master insurance policy carrier, since the requirement to repair and the requirement to pay for the repair may be different.
You should check on the laws in your area. In some regions, neither is responsible and your respective insurance companies pay for your own repairs. In others, the condo owner's insurance company above is repsonsible for paying. There may be a way to claim from the condo owner themselves.
Your local insurance broker can answer your question.
It depends upon the circumstances in which the leak came about, and also upon your individual insurance policy. Insurance policies are contracts, and these contracts state very specifically what is covered and what is not covered. Read the "named perils" section to see what is specifically covered. Read the "exclusions" section to see what is not covered. Please note that under most policies you are obligated to mitigate your damages or coverage may be denied. For instance, if the leak in your roof is causing water damage inside the condominium, you are obligated to do something about it to prevent further damage inside the condo. If after reading your policy you are still uncertain about coverage, you should contact your insurance agent.
The value of your insurance depends upon the value of your condo. The important thing is that you have enough insurance to replace the condo. If you got the condo for a low price many years ago you can't insure it for that because you'd not be able to get another to replace if it were destroyed. The cost of the insurance on yor condo is based on several factors. In some cases your condo association will dictate the amount of coverage you must have.
If you own a condo, you can get basically the same type of insurance as a homeowner, depending on what type of condo you have. If you condo is more like apartments, you may be able to get insurance similar to renters insurance, while if you have a stand alone home, you can basically get just home owner insurance.
Condo insurance is not the same as insurance on conventional homes or renters. Condo owners need to ensure that their policies cover all their possessions that are not covered by the Condo Association’s insurance policy. By reading the fine print in the purchase agreement and the insurance policy, a condo owner can determine exactly what type of insurance policy will cover what is not covered by the collective insurance already provided. The condo association will normally collect dues from owners to cover common areas of the complex and sometime installations. The association’s bylaws will state exactly what is covered under the association’s policy. The association’s policy may have a deductible, which is usually divided equally among the unit owners. Collectively, owners may have a “bare walls” policy which covers all real property from the exterior framing inward, but does not cover fixtures or installations within a condo unit. Another type of policy referred to as an “all in” policy covers fixtures and installations, along with the structure and any common areas. The owner needs to know if the policy is cash value, which covers the cost of replacing the items minus depreciation, or if it covers the full replacement cost. If the association has a bare wall policy, the owner must buy insurance to cover features such as countertops, bathroom and kitchen fixtures, flooring and personal items. With an all in policy, the owner may only need to cover personal items. Most insurance companies offer a special unit owners policy, but to save money and ensure that all items are covered, the condo owner needs to determine what he owns and what is covered by the association’s policy. Condo owners are typically responsible for insuring just their property, but the rules differ from complex to complex, and it's important to ask the right questions to ensure you have proper insurance coverage. Usually, condo owners are not responsible for cutting the grass or shoveling ice from the front walk, but they must insure that the proper condo insurance is in place to protect them from any lawsuits related to these things.
Condo insurance is basically renters insurance. You can go to a few different companies to do this, the best and most prominent one is probably State Farm Insurance.