Insurance coverage and floor repair
Please help! I am looking for advice & any tips on how to save money.
I live in a condo, and my neighbour had a flood that leaked into my unit. I collected a full bucket of water from mopping the floor. My floor has now cracked up and needs to be replaced as the result.
The neighbour has an insurance, so do the strata and I. HOWEVER. It appears that the strata would not cover my flooring repair, because it's an "upgrade", and the neighbour's insurance would only cover his deductable for the strata's claim - at least, this is what I'm preliminarily told during the assessment - nothing is officially stated yet (this just happened on the weekend). I have my own insurance, but upon closer inspection, my policy has a deductable of $5700 for "owner upgrades and improvements".
Also, FWIW, I don't remember if there was a disclosure that the floor was upgraded when I purchased the unit. Will need to double-check.
- Is a floor replaced during renovation even count as an "upgrade"? It was replaced by the previous owner; the building was 12 years old at that point. It's not a heated or fancy floor or anything, just new laminate/hardwood replacing the worn out one. Does this mean that once you renovate a condo, the strata is off the hook for any future insurance coverages?
- Can the strata cover the cost of replacing my "upgraded" floor with an "original" one?
- Can I go after the neighbour's insurance directly to cover my $5700 expense? From what I understand, this flooring job is going to come to ~$5K (it's a small 1-bedroom).