My parents own a condo which they rent out. The unit above them had their pipes burst, resulting in water damage to my parents unit. We have insurance, and we've gone through our insurance company, but the person above does not.
How does this work? I want to claim the damage, but the person above just had a stroke and I don't want him paying for it if he doesn't have to. How will the insurance company deal with this?
2007-12-07 12:14:33 · 5 answers · asked by Anonymous in Business & Finance ➔ Insurance
The person in the above unit may not be responsible for the burst pipe. He would only be responsible if his negligence caused the pipe to burst.
However, if there was a manufacture defect in the pipe - the insurance company may go after the pipe manufacturers.
Turn the claim into your insurance company. They will handle he claim according to your policy provisions. If they think someone else may be responsible for your damage - they will pursue recovery.
2007-12-07 16:21:33 · answer #1 · answered by Boots 7 · 1⤊ 0⤋
Check to see if the Condo Association has an insurance policy to cover this type of damage.
Won't you insurance company accept the claim and file against the appropriate, other, insurance company, if appropriate?
Otherwise, won't they have to pay for the damages?
2007-12-07 20:25:53 · answer #2 · answered by Chief70 2 · 0⤊ 0⤋
The insurance company will try to recover the loss from the responsible party(possibly the upstairs neighbor, or the builder, sub-contractor, etc.). If there is no responsible party or they can't collect from the responsible party the insurance company will pay out of their own pocket (That's where your premiums go BTW)
2007-12-07 20:26:39 · answer #3 · answered by feanor 7 · 0⤊ 0⤋
Turn in the claim to your parents insurance company.
The upstairs neighbor has no liability, UNLESS the loss was somehow due to the neighbors negligence.
The condo associations carrier should be notified, too, as it probably covers a portion of the building loss, the policies vary somewhat.
2007-12-07 22:07:10 · answer #4 · answered by Anonymous · 0⤊ 1⤋
it seems like to be very complicated ,but it's not exactly.you see,it's an accident that caused the damage of your parents' unit not anything else,so the insurance company should pay for it if you claim it.and if it can be solved,the company can ask the upstairs unit for payment,but that's not your business.now all you should do should be to claim to the insurance company if you think it's needed.good luck.
2007-12-07 20:27:26 · answer #5 · answered by xiemouren218 2 · 0⤊ 1⤋