Legal Question in Real Estate Law in Georgia

I live in a condo association. We are on a flood plane and the association carries the flood insurance. We recently had a flood and approximately 18 units were damaged. After reviewing the insurance policy it was discovered that our property management company renewed our policy fo only 50% of the value of the property. Needless to say when the checks were distributed we were only compensated for 50% of the damage. Is there any recourse that can be taken either against the management company (which has since resigned) or the association?


Asked on 12/13/09, 12:15 pm

1 Answer from Attorneys
Glenn M. Lyon, Esq. MacGREGOR LYON, LLC, Business Attorneys

Your most likely course of action would be against the association. You would need more specific facts to pursue either the management company. However, you may have a derivative claim against the association.

If you would like to discuss any issues further, please feel free to contact my office. The link to my contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

Read more
Answered on 12/18/09, 5:19 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Georgia