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Naples, Marco condos battle QBE Insurance over millions in 2005 Wilma damages

Sun, 31 Oct 2010 05:50:54 +0000

Naples, Marco condos battle QBE Insurance over millions in 2005 Wilma damages
For condo owners at the Monaco Beach Club, the five-year anniversary of Hurricane Wilma is a bitter reminder of an insurance claim gone wrong. When Wilma hit on Oct. 24, 2005, QBE — part of an Australian-based insurance group — was one of the largest insurers of condo associations in Florida. It has faced dozens of lawsuits for denying or delaying claims for the eight hurricanes that walloped …

Losing condo to foreclosure, it got vandalized and flooded, do I have to mitigate the amount of damages or?

Sat, 05 Jun 2010 05:46:15 +0000

I just tried to do a short sale but my 2nd mortgage lender wouldn’t accept the offer. It is going to foreclose. It is vacant and was vandalized with flooding some time in the past few days and is terribly damaged.

If the bank is taking it away, could I be held negligent for not mitigating the damages from the obvious water damage caused by the vandalism?

Could I be liable for damage to the neighbors property from the water seaping into their walls?

Do you know the foreclosure process? What might expect after the foreclosure if the second lender has to take a huge loss?
No insurance, not investment property, the property has been secured. The flooding was due to the vandalism, someone went into the property, plugged up all sinks and turned on the water. It was apparently on for days. I just found out since I live somewhere else now. A police report was filed but it was by the HOA, I have to order a copy in the mail. I know the water has been turned off but the place has been soaked for days. The upstairs soaked the floors so much that caused damage to the downstairs ceiling. It is just awful, so I hear.

I think finding a real estate attorney is a good idea, I will likely oblige. I have a bankruptcy attorney in the family that has been trying to help me (a little) but I should probably find someone that specializes in real estate.
The 2nd mortgage is for $85k, and I have $0. No choice but to foreclose if they refused to take the short sale offer.

Who is responsible for water damages in condo unit below??? HELP!?

Mon, 26 Apr 2010 05:46:15 +0000

Here’s my problem… I have a friend who fired her contractor doing some bathroom remodeling. My husband is handy, but isn’t a plumber and offered to help free of charge get the job completed. He knew a buddy that came and did some pipes in the bathroom and saved her some money rather than hiring a professional company. So, now she was notified the condo below has water on their celing and it must be from the remodel job. She just now informed us she no longer has insurance and my husband is responsible for ALL damages? We don’t know what to do… this was a favor and if we knew she didn’t have insurance he wouldn’t have gone near it. Don’t wanna loose friend or $$$$??? Insurance professionals or anyone with advise please?

I had alot of water damage to my condo that was not occupied, and I had no insurance to cover damages.?

Sat, 13 Feb 2010 06:11:58 +0000

Is there any other help out there to help me?