An overlooked option for funding repair projects
We have recovered tens of millions of dollars for our clients with successful property insurance claims. From the investigation through the reporting, and construction assistance. Connect with us anytime to learn more and we can put a plan together
What is a First Party Claim?
- Goes against your Association’s Property Insurance Policies
- Based on hidden water damage caused by weather events
- Can use all previous Insurance Policies
- Potential recovery depends upon a number of factors, especially policy language
- Experienced legal and consultant team are needed
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Myth vs Realities
The building is more than 4 years old, so there isn’t any recourse for damages.
These aren’t 3rd Party claims against a contractor or developer, such as traditional 4 year Washington Condo Act claims. These are property insurance claims that can possibly be made against all previous property insurance policies including earthquake policies.
My association's attorney and/or expert said there likely isn’t coverage or we tried filing a claim and were denied, so it isn’t worth pursuing further.
A very limited number of attorneys have the specialized knowledge and track records to be able to successfully pursue these claims. Any expert that steers you away from pursuing a claim either doesn’t understand the process, or is more interested in the prospect of work now than the best interests of their client.
We found some hidden damage, but the framing isn’t severely decayed, so I heard we won’t have coverage.
These are different than Collapse or Substantial Structural Impairment claims and don’t require the level of damage that those claims do. Often times, the prerequisite for triggering coverage is hidden water damage.