Hey friends, a property in Atlanta was hit in the roof and side walls by fallen trees. Damage of about ...
Hey friends,
A property in Atlanta was damaged in the roof and side walls by fallen trees.
Damage of about $ 8,000.
The HOA is responsible but they claim they have no money to handle.
Continue to charge fees until the usual monthly. If I stop paying, they have more power over me
Trying to avoid activating my insurance - deductible and potential for premium increase.
Their insurance with a deductible of $ 25,000.
No date is given when it will be taken care of, and in the meantime the damage is getting worse and the tenant suffers.
• I contacted a lawyer in the field and the only thing he claims I can do is to send a letter before filing a claim, about $1,000 is his cost for such a letter.
• I tried and also the management company to create a brief with nearby properties that were affected but it does not seem that they are in the direction of cooperating or we have not been able to talk to the owner of the property.
• I asked them to stop paying to save money for repair, refused.
• I asked to see their financial statements, not yet received…
• To later correct and claim the deductible and increase the premium will not be worthwhile in terms of cost versus chance of benefit.
Does anyone have another idea to get them to fix before I run the insurance to fix the deficiencies?
Thanks in advance.
In closing the property if the estoppel hand has the details of the insurance company, you can sue them directly for the damage… Obviously the HOA office is not interested in helping .. They will have to pay the money if they are responsible
It happened to me in the past. They got twenty calls every hour until they had it after a week.
Just a recommendation for the future, before I buy an apartment (not a house), I would like to see the financial statements back two years.
At the end of last week I had a relatively marginal problem with such a company. Because I was local and threatened with a suit, within twenty minutes there was a representative there. In general, really do not like to work with houses that have association.
Keep in mind that you are currently subject to a claim from the tenant, especially if he or she has property damage
That's why I would fix it first and then go and try to get compensation from them, check the association docs many times for this part of the contract that you can fix at your own expense and then Atza is allowed not to pay them the monthly fee until it works out