447. A $50K excess | conflicted committee members | an insurance win
Podcast: Play in new window | Download
Subscribe: RSS
This week, I sit down with Reena Van Aalst, who explains how she’s managing a $50K insurance excess on water ingress claims. I share a $700K insurance claim that turned from a denial into a payout, and we discuss whether or not committee members should be allowed to approve repairs at their own lots.
So over these BCs only do what they and bugger the rest and then blame insurance companies 🙄
The lot owner is still able to claim on the insurance – if they do make a claim then even if they pay the excess and the claim is more than the excess they are ahead, but the insurance excess goes up for all owners.