Preferred Property Program

17 February 2015 In Blog style

A dispute arose between the insurer and the insured as to whether the policy language providing for the replacement of damaged property with property of comparable material and quality required the replacement of undamaged siding in order to provide a color match. This case is Cedar Bluff Townhome Condominium Ass'n v. American Family Mut. Ins. Co. No. A13-0124, 2014 WL 7156914 (Minn. Dec. 17, 2014).

09 February 2015 In Blog style

A Ohio subscriber recently asked the following question:

When a condo owner makes improvements to the condo, for example new kitchen cabinets, and later sells the condo, are the cabinets still betterments and improvements for the new owner who purchases the condo?

ANSWER: The condo policy does not define "improvements and betterments." The policy provides coverage for betterments and alterations. While the new owner did not make the alterations, they are still alterations all the same. Also, the state statutes determine whether the unit owner or the condo association is responsible for appliances and cabinets. In our opinion the alterations still count as alterations under the new owner and should be insured as such.

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