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Questions about filing claims on condo association insurance policies

Posted on Wed, Mar 10, 2010 @ 05:28 AM
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I am a vendor who did work relating to a condo association insurance claim for an HOA in North Carolina. How long do we have after the date of claim to the Master Policy to get the bills paid? The proceeds of the policy were insufficient to cover the work we performed. Is there a statute of limitations on filing a supplemental claim or pursuing the HOA for the unpaid bills?

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Comments

Hi, I live in NJ. But in NJ if you are filing in small claims, $3000 or under, as long as you have a case you can file. No statute of limitations.
Posted @ Wednesday, March 10, 2010 7:25 AM by karen pascale
I am an owner who submitted a damage claim to the Condo Master policy. The Insurance processed the claim, sent a check to cover my damage to President who has held the check for two months without reimbursing me. My condo was flooded due to a ruptured pipe. Do I have to get a lawyer. The Insurance company 
has contacted the President but since they sent  
the check they said I need to take action. The Board is controlled by the Pres. so there is no one to assist me there.
Posted @ Wednesday, March 10, 2010 7:32 AM by joanne allison
In answer to both questions: For the vendor, the Association usually is given the funds minus the deductible to pay the costs. If they contracted with you, they are responsible for the costs. You will probably have to have an attorney seek your payment. I would not wait around or threaten - I would just have an attorney start the process. 
 
For the homeowner, look at the insurance portion of the documents. It typically states how the claim is paid and who handles it. You also may need legal counsel. I would note everything that has happened.
Posted @ Wednesday, March 10, 2010 2:15 PM by Joe Schuirmann
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