November 29, 2014

Condo Insurance Payoff

Art Levy | 12/1/2007
Damaged condo
Hurricane Wilma damaged the Chalfonte condominium complex in Boca Raton in 2005. The condo association sued its insurer over the amount of damage and recently won $8.1 million. [Photo: J. Meric]

Two years after getting slammed by Hurricane Wilma, the 378-unit Chalfonte condominium complex in Boca Raton has won an $8.1-million award from its insurance news, Australia-based QBE Insurance Group. Dan Rosenbaum, a Becker & Poliakoff attorney who represented the Chalfonte, thinks the verdict will lead to more suits against QBE, the largest insurer of condominium associations in Florida. Rosenbaum’s firm already has 10 other cases pending against QBE involving storm damage to condos. The Chalfonte case hinged on whether Wilma’s damage exceeded the policy’s deductible.

Tags: North Central

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