Connecticut’s crumbling foundation crisis is usually discussed in terms of single-family homes, but condominium complexes have been affected too. The problem traces back to pyrrhotite, a mineral found in some concrete aggregate that can expand when exposed to water and oxygen, slowly cracking foundations from the inside. While the hardest-hit areas are mainly in northeastern Connecticut, condo owners and buyers across Hartford County have good reason to understand how insurance fits in.<\/p>\n
Most master policies and unit owner (HO-6) policies are designed for sudden, accidental losses. Pyrrhotite damage develops gradually over years, and standard policies commonly exclude deterioration, cracking, and settling. Attempts to treat the damage as a covered “collapse” have had limited success. Wording varies, so reviewing both the association’s policy and your own is still worthwhile.<\/p>\n
Connecticut created the Connecticut Foundation Solutions Indemnity Company, known as CFSIC, which began operating in 2019 to help fund foundation repairs. Because a condo association typically owns the foundation, the association, rather than individual owners, usually works with CFSIC. State law has also expanded a supplemental loan program to include associations with CFSIC participation agreements and their unit owners.<\/p>\n
Understanding where the association’s coverage ends and yours begins matters here, which we covered in our post on master policy vs. condo insurance<\/a>.<\/p>\n Noble Insurance in Rocky Hill, CT can walk through your condo insurance<\/a> and help you understand what your policy covers. Condo owners in Rocky Hill, CT and the surrounding area can reach out to Noble Insurance<\/a> with questions.<\/p>\n","protected":false},"excerpt":{"rendered":" Connecticut’s crumbling foundation crisis is usually discussed in terms of single-family homes, but condominium complexes have been affected too. The problem traces back to pyrrhotite, a mineral found in some concrete aggregate that can expand when exposed to water and oxygen, slowly cracking foundations from the inside. While the hardest-hit areas are mainly in northeastern […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[22,13,15],"class_list":["post-84","post","type-post","status-publish","format-standard","hentry","category-condo-insurance","tag-condo-insurance","tag-noble-insurance","tag-rocky-hill"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t