News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network
Insurance Policy Excludes Water Damage From Construction Defects
After discovering the water damage and defects, the Plaintiff filed a claim with its insurer to cover the costs of repair. The insurer performed an inspection of the building but refused covered based upon this exclusion. Both the lower court and appellate court agreed with the insurer. The appellate court grappled with the interpretation of the policy, but finally determined that any other explanation of the policy language would render it ambiguous.
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NJ’s appellate court speaks up after Twin Rivers
News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network