AlisonC (Massachusetts)
Posts: 4
Posts: 4
Posted:
We had a sump pump back flow that damaged 3 units in the each onwers basement
Some units had fully finished basements , some had partial finished basements
The maters policy paid the max amount of $25K payable to the Asso.
Should this money be divided equally between the 3 owners or per the insurance settlement report that provided breaks down amounts per unit based on the FINISH square footage
The owners cannot agree on how to distribute the funds
One owner wants to divide equally , another wants to use the settle document amounts from the insurance co.
Of course some units where allocated more money per the ins report ....
Help
Some units had fully finished basements , some had partial finished basements
The maters policy paid the max amount of $25K payable to the Asso.
Should this money be divided equally between the 3 owners or per the insurance settlement report that provided breaks down amounts per unit based on the FINISH square footage
The owners cannot agree on how to distribute the funds
One owner wants to divide equally , another wants to use the settle document amounts from the insurance co.
Of course some units where allocated more money per the ins report ....
Help