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The Bottom Is Out: Insurance and Your First Floor

Article By:

Giordano, Halleran & Ciesla, P.C.

posted on: Tuesday, March 5, 2013

Administrative & Regulatory / Environmental, Energy & Resources / Insurance Reinsurance & Surety / Real Estate

New Jersey

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Residential Condominium Building Association National Flood Insurance Program Flood Policies do not cover most personal property items below the first elevated floor. Most post FIRM residential condominium buildings along the New Jersey shore have an elevated first floor. In many instances the space below the first floor where the garage, breezeway, utility and storage areas are located is enclosed, and has been improved. In some cases these improvements even include showers and toilets which traditionally may have been in secondary structures in older beach community developments. Most of these improvements are not covered. If someone promised you insurance coverage for improvements and personal property stored in these areas you may have a claim against them.

© 2013 Giordano, Halleran & Ciesla, P.C. All Rights Reserved

About the Author

Sean E. Regan

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Mr. Regan focuses his practice on commercial litigation and general litigation. He is primarily involved in real estate, construction and corporate disputes.

With regard to real estate, Mr. Regan handles all varieties of matters involving construction, liens, real estate development, commercial leasing, municipal land use and zoning disputes. Mr. Regan litigates and counsels clients in connection with public contracting and public contract disputes. Mr. Regan also provides construction contracting services and subcontractor program reviews, and contract reviews for compliance with...

sregan@ghclaw.com

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http://www.ghclaw.com

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