Question
Hello,
I reside in a townhome community where the property management company holds the primary insurance policy for all homes. Recently, I experienced water damage in my home and filed a claim with the insurance company. However, I was informed that, as I am not the primary policyholder, they are unable to provide me with the estimate prepared by the adjuster.
Could you please advise on how I can negotiate the bid under these circumstances?
Thank you for your assistance.
Answer
To negotiate an insurance claim for water damage in a townhome where the property management company holds the primary insurance policy, you should:
1.Understand the insurance policy and responsibilities.
2.Report and document the damage immediately.
3.Obtain and compare multiple repair bids.
4.Engage with the property management to discuss and negotiate the bids.
5.Ensure all agreements are in writing and closely monitor the repair work.
