• Gerudo@lemmy.zip
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    24 days ago

    Story says the HOA insurance policy didn’t cover all the damages.

    Sounds like they didn’t have good enough insurance, or even any gap insurance at all.

    • HubertManne@piefed.social
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      24 days ago

      guessing its more than that. Condo across the street had a fire years ago. Like a bit after covid. Almost rebuilt but still surrounded by fence and not occupied. Everyone who owned one has been charged assesments this whole time. Thats how it works. Rebuilding took so long because of the insurance company dragging feat and pushing over what it had to do. Scary as heck and makes you wonder whats the point of insurance.