Or should I say W.A.T.
Of all the things that scare an insurance company, these three things scare them the most.
Water- water damage is the number one cause of claims
- ice dams
- water leaks
- back up of water
- burst water tanks
- burst washing machine hoses
- amd more
Wind- a gust of wind can cause lots of damage
- tropical storms
all of these events can be damaging and catastrophic
Attorney’s- no one wants to be sued, but condominiums are sued every day.
- trip & falls
- unit owners sue each other
- people sue the board
- property damage
If attorneys do not have a case, they make a case or as it seems sometimes, they make the stuff up.
Risk scares Insurance companies. If you manage these three risks, you look much better to the insurer.