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Association may have committed fraud - Citizens windstorm insurance

Posted on Wed, May 25, 2011 @ 06:27 AM
  
  
  
  
  
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We live in a high rise condominium in South Florida along the coast. In order to reduce our windstorm insurance our previous Board President contracted a General Contractor to complete and certify mitigation forms which were submitted to Citizens Insurance in December 2010. We have (2) two CAM's that manage our property. Citizens issued credits towards our premium in March 2011. A new Board was elected in February 2011. Citizens is now questioning the mitigation claims and has sent an investigator to our property to interview our management. Are the CAM's or previous Board President liable for fraudulent activity? Should the CAM's be held accountable for not checking the information submitted on our behalf? Our building's insurance coverage is now in jeopardy as Hurricane Season approaches
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Comments

Check Chapter 718.111(1)(d) Notice the word "recklessness" This was put into law as of Legislative Update: 2008... Check with your attorney
Posted @ Wednesday, May 25, 2011 5:36 PM by Janet
Ok this can get very difficult and complicated but I can help you. if the mitigation was done by a GM and you guys have the paperwork you can sue them in the event of loss, now if your manager didnt keep the paperwork filed in the maintenance book then you guys will have to go after the management company again they should have a 250K min in coverage, If not then you will have to go after your D&O policy. again this can get very complicate and if you need more help or have more questions you can call me Albert 954-224-8865
Posted @ Tuesday, July 26, 2011 6:16 PM by Albert
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Posted @ Saturday, October 08, 2011 1:27 AM by moncler women
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