Posts tagged "Cost Insurance"

Condo insurance question?

The tenants of a condo we own got flooded because of the unit upstairs. After talking with the insurance company and condo, the condo has agreed to refloor, and repaint the rooms affected.

I am not comfortable with the tenants sleeping in the unit if it’s being repainted. Who’s responsibility is it to put them up in a hotel? Is it the condo’s cost? Insurance? Or yikes…mine?

It’s possible the insurance would cover this IF they agree with you. Contact them and see. If they don’t agree, you would have to pay for it.