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In this case, call the broker who handles the master policy for the condominium association.
Who repairs the damage and who pays for the damage may be different.
The broker and the board and any involved owners can review the governing documents to determine who owns the basement. Further, determination must be made for the cause of the water damage.
Wiki User
∙ 14y ago
Wiki User
∙ 10y agoThe grantee at the foreclosure sale is the new owner of the property. If the leak originated within the unit the new owner would be the responsible party.
The grantee at the foreclosure sale is the new owner of the property. If the leak originated within the unit the new owner would be the responsible party.
The grantee at the foreclosure sale is the new owner of the property. If the leak originated within the unit the new owner would be the responsible party.
The grantee at the foreclosure sale is the new owner of the property. If the leak originated within the unit the new owner would be the responsible party.
Wiki User
∙ 10y agoThe grantee at the foreclosure sale is the new owner of the property. If the leak originated within the unit the new owner would be the responsible party.
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If your condo association is responsible for the exterior of your unit and you suffer interior water damage due to a leak from a foundation problem who is responsible to fix the interior damage?
Let your condo insurance company duke it out with the master policy insurance co.
If you live in a second floor condo and there is a water leak that causes damage who is responsible?
If you live in a second floor condo and you rent the condo, the leak that causes damage is the responsibility of the owner of the building. If you own the condo, the leak is the responsibility of the owner of the condo with the leak.
Can high water pressure make condo responsible for burst pipe water damage?
If the pressure exceeds the normal rating of the fittings and valves.. Normally rated for 125 PSI
Where can someone get information on repairing water damage to a basement?
You can get information on repairing water damage to a basement on websites like HubPages, eHow, WiseGeek, EliteWaterDamage, TheWaterPages, and even Youtube.
Does Florida law state that condo owners are not responsible for water damage to other units?
State law is not involved in this kind of situation: the association's governing documents, master insurance policy coverage, together with the owners' HO-6 policies determine responsibility for water damage.
What is basement waterproofing?
Basement waterproofing refers to the process of making a basement or cellar water-resistant. It involves various techniques and methods that are used to prevent water from penetrating into the basement and causing damage to the foundation and walls of the building. Some of the common methods of basement waterproofing include installing a sump pump, sealing cracks and gaps in the walls and floor, installing drainage systems, and applying waterproof coatings or membranes. These methods are designed to redirect or prevent the entry of water into the basement and protect the structure from water damage. Basement waterproofing is important because water damage can lead to structural problems, mold growth, and other health hazards. By preventing water from entering the basement, homeowners can ensure that their property remains safe and secure.
I have water damage to my basement wall how much will it cost to repair it?
I found that it may cost from $100-$15,000 to fix the basement wall depending on how severe the damage is. This link includes more information http://waterdamagemoldcleanup.com/how-much-does-water-damage-restoration-cost.
What is the fact of waterproofing?
Basement Waterproofing averts water from entering into the basement. It is imperative that you waterproof your basement or else it could end in a failing drywall or other structural damage.
What should one do if their basement has taken substantial water damage?
If someone finds that they have substantial basement water damage then the first thing to do it contact their insurance company. The person should take dated photographs of the damage to use as evidence and start listing what was in there that has got damaged in preparation for their claim.
Who should buy ho6 condo insurance?
HO6 condo insurance covers damage to the interior of the condo and the possessions therein from things such as fire, theft, water damage, etc. The master policy that covers the building only covers exterior damage. HO6 insurance would be necessary in places where wild fires or other natural disasters are somewhat frequent.
Basement Wall Repair?
form_title=Repair Your Basement Wall form_header=If your foundation has cracked or other damage, it's important to repair it quickly and efficiently. Describe the damage:=_ Have you noticed water leaks?= () Yes () No How quickly do you need basement wall repair?=_
How do I find the best product for waterproofing basement walls?
Sani-tred.com offers a complete waterproofing basement system. They guarantee their product will protect your basement 100% from water damage. This is a two step system where you paint coats of solution onto the walls in layers, giving you a water free basement.
