Updates & Resources

If you manage community associations, more specifically condominium communities, it is very likely that you’ve dealt with a slab leak. They’re sudden, they’re unforeseeable and they can be expensive. But are they covered by insurance?

There are many benefits to obtaining a personal condominium homeowners policy (known as an “HO-6”), though one of the best reasons to carry this coverage is for a protection known as Loss of Use.

One of the areas that many managers and boards find themselves getting into hot water on with regularity is making declarations about what types of claims the HOA’s policy will and will not cover. We’ve seen this litigated more than a few times, so it is important to remember that coverage is based on the cause, not origin, of the loss.