Quote:
Originally Posted by twister244
I'm curious - Who pays to repair that water damage? I was under the impression most homeowners insurance doesn't cover damage due to flooding, or is storm surge different?
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apparently the complex has hurricane flood insurance specifically because it's a 400 unit property
directly on the beach in FL.
the policy was likely many millions of dollars/year, but the place caters to the wealthy, and since it's run on a time share model, there are literally thousands of "owners" to divide that extra cost among.