I opened a claim for a condo leak that provided $10,000 in coverage, but I’ve since discovered a hidden leak from a different source that has caused an additional $25,000 in damage, requiring a bathroom tear-out. Instead of properly investigating, the President advised me to file another claim, meaning I would have two claims within two months. I’m worried this could lead to my policy being canceled. So far, my insurance has given me $5,000 for temporary housing and $5,000 for mold repair.
To find the source of the ongoing moisture in my ceiling, I need to buy a plumber’s report and use my thermal camera and moisture meter. The unit is owned by the President. I’m also concerned: if it turns out that the leak is from a source different from what was reported in the original claim, can my insurance request the $10,000 back? The previous owner mentioned leaking and mold issues but later changed their story, failing to disclose this on the sales documents.
It sounds like a complicated situation you’re dealing with. Here are some points to consider regarding your insurance claim and the potential implications:
Insurance Coverage: Generally, insurance policies cover damages that are both sudden and accidental. If the leak is determined to be from a different source and wasn’t disclosed or accurately reported in the first claim, it could complicate your current claim.
Request for Recouping Funds: Your insurance company may have the right to recoup the funds they provided if it is determined that the damage was not due to the origin of the first claim. However, this can depend on the specific terms of your policy and the nature of the claim. It’s best to review your policy documents and consult with your insurance agent or a legal professional for detailed guidance.
Impact of Multiple Claims: Opening a second claim so soon after the first can potentially impact your policy and premiums. If you’re concerned about the possibility of cancellation, it’s important to speak with your agent about your options and any potential risks involved.
Documentation and Reporting: It sounds like you’re already on the right track by obtaining a plumber’s report and using thermal imaging to locate moisture. Ensure you document everything thoroughly, as this evidence will be vital when dealing with the insurance company.
Disclosure Issues: If the previous owner failed to disclose known issues with leakage and mold, you might have grounds for a separate legal recourse against them. It’s worth consulting a real estate attorney to explore your options regarding undisclosed property defects.
Talk to Your Insurance Agent: Keep an open line of communication with your insurance agent. They can provide guidance based on your specific policy and situation.
Navigating insurance claims can be tricky, so it’s advisable to seek professional advice to protect your rights and interests.