Condo insurance question?

Question

The tenants of a condo we own got flooded because of the unit upstairs. After talking with the insurance company and condo, the condo has agreed to refloor, and repaint the rooms affected.

I am not comfortable with the tenants sleeping in the unit if it's being repainted. Who's responsibility is it to put them up in a hotel? Is it the condo's cost? Insurance? Or yikes...mine?

Answer 1

It's possible the insurance would cover this IF they agree with you. Contact them and see. If they don't agree, you would have to pay for it.

Answer 2

If the tennant has insurance and there is a claim the policy would pay for them to have loss of use use coverage if insurance is covering the claim.  There are 2 different policy that effected with insurance.  If the place is not habital and the repainting is being done by you or the condo.  Who ever has assume responsiblilty for the loss would be responsible for the cost to hotel and feed people.  I know this is a wavering answer but it really depends on the cause of loss and who is responsible.  I wish you luck.

Answer 3

Your Rented Condo Unit Owner's policy will not respond to losses suffered by the tenant. You are not liable for the damages suffered by the tenant, therefore neither the property nor the liability section will respond.

The tenant is not a unit owner and therefore has no right to file a claim with the condo association's policy. If they can prove the damages were caused by common property, then they could sue the association for damages.

If the tenant has their own policy, the policy will pay for the damages to their property as well as pay for temporary accommodations while the unit is being repaired.

If they have no policy of their own their only hope would be to sue to owner of the unit where the water came from.