A stipulation of most condo agreements is required condominium insurance. This coverage is vital because it protects your unit and belongings from risks and perils such as water and fire damage. Purchasing condominium insurance is relatively easy, but the challenge comes when filing a claim.
Dealing with insurance companies can be stressful. Here you are dealing with damages property, and your insurance provider is dragging out your claim and unwilling to negotiate. Contact an insurance lawyer if this is the case for you. They can advise you through the claims process and ensure the adjuster abides by the law.
Insurance Attorney in Texas
Contact the insurance attorneys at LeMaster & Ahmed PLLC to ensure you receive what you are entitled to. Ms. Ahmed and Ms. Lemaster are seasoned insurance lawyers with vast experience dealing with insurance companies. Whether you have an adjuster unwilling to negotiate or your rights have been violated, you can count on LeMaster & Ahmed PLLC.
Call (832) 356-7983 to schedule a consultation. We are based in The Woodlands and Plano but also represent condo owners in Houston, Dallas and Galveston.
- What Does Personal Condo Insurance Cover?
- Damage Not Covered by Personal Condo Insurance
- Benefits of an Insurance Lawyer
- Additional Resources
What Does Personal Condo Insurance Cover?
Condo owners do not own the building they live in nor do they own the land it sits on. Your condominium association should carry a policy that protects damage to the building and covers accidents that take place in common areas. However, your building’s master policy will likely not pay to repair the inside of your unit after a disaster, nor will it cover liability costs.
Personal condo insurance covers what a master policy does not. This type of coverage is mainly used to cover damage to the inside of your unit and damage to personal belongings. Risk and perils covered by personal condo insurance include:
- Fire and smoke damage
- Water damage
- Wind and hail
Personal condominium insurance will also cover loss of use and liability expenses. Loss of uses expenses are incurred when you are forced to live outside your unit while it is being repaired. Liability expenses, on the other hand, are costs that typically stem from someone sustaining injuries on your property. These types of expenses can include medical bills and court costs.
Personal condo insurance will also step in when a condo master policy surpasses its limit. Assume the building suffered major hail damage costing more than a master policy can cover. To make up the difference, the owner of the building may ask each tenant to contribute. If your personal policy has loss assessment coverage, your portion of the contribution may be partially or entirely covered.
Damage Not Covered by Personal Condo Insurance
As mentioned earlier, condo owners are not responsible for covering the cost of damage sustained to the building or common areas, unless your condo association asks you and other dwellers to help cover the cost of repairs. In addition to exterior building damage, personal condo insurance will not cover the following damages:
- Damage from underground water such as sewer backups
- Wear and tear
- Damage from rodent and insect infestations
- Nuclear hazards
Condo insurance will only cover personal property up to a certain value. This means high price items like collectables and jewelry may not be protected. To ensure your valuables are protected, it’s advised you purchase additional personal property coverage.
Benefits of an Insurance Lawyer
Most condo owners do not think to call an insurance attorney when filing a claim, but it is a wise choice. Insurance companies do not work in your best interest. Though the adjuster is friendly, and you pay costly premiums, the company may be looking for a way to make a profit.
Working with an attorney during the claim process will not only increase your chances of a higher settlement, but you will also have someone to rely on when an adjuster is unwilling to negotiate. Your adjuster may take advantage of your situation and offer you a deliberately low settlement right off the bat because they know you need it. An attorney can look over the offer and advise you on whether it’s the settlement you are entitled to.
Your adjuster may also handle your claim in bad faith, which is prohibited in Texas. They may unjustly deny your claim, reject it without a proper investigation or fail to promptly pay your settlement. You have the right to sue your insurance company if they act in bad faith. By having an attorney from the beginning of the claims process, they will already be up to date on your case and well prepared to represent you in court.
Rather than handling the burden of dealing with an insurance company, let an attorney at LeMaster & Ahmed PLLC do it for you.
condo Insurance | Insurance Information Institute – Visit the Insurance Information Institute website to learn more about condo insurance. You can find more information about provided coverage and learn more about a master condo policy. The Insurance Information Institute is an online digest of insurance information.
Unfair Settlement Practices | Texas Insurance Code – Learn more about bad faith insurance practices by following the link. You can scroll to section 541.060 to find a list of actions considered bad faith and learn about other insurance laws such as hearing procedures and misleading insurance policies. The information can be found on the Texas Constitution and Statutes website.
Insurance Lawyer in Texas
Find the insurance help you need at LeMaster & Ahmed PLLC. For over thirty combined years, Ms. LeMaster and Ms. Ahmed have been litigating insurance coverage matters throughout Texas. They are well versed in the tactics used by insurance companies and will ensure they do not take advantage of you. Call us at (832) 356-7983 to schedule a time to speak with us.
LeMaster & Ahmed PLLC proudly represents policyholders in Montgomery County, Collin County, Dallas County, Harris County and Galveston County.