Five weeks ago, my condo was damaged in a flood incident that occurred because my HOA was conducting a drainage mitigation project on the property. There’s extensive documentation that the drainage was removed and no temporary drainage system was added in its place to protect the lower-level units. During a rainstorm, two inches of water poured into my unit and caused upwards of $30k worth of damage. While the HOA called in an emergency crew to clean the water out, dry the unit, and remove the floors, the project has stalled.
I did not have flood insurance and received no ALE from my insurance company. The HOA has flood insurance through the National Flood Insurance Program, but the HOA has says they don’t yet have estimates on how much NFIP will cover. Apparently, the lower-level units are classified as a basement.
I’ve read through the HOA bylaws, and it’s clear that “common elements” projects, such as the drainage project, that damage units must be repaired by the HOA. But no repair has started. My place also tested positive for asbestos, and requires asbestos abatement before the drywall can be removed and replaced. It’s my understanding that insurance typically doesn’t cover asbestos abatement.
My question is what are my options here? To me, it seems reasonable to get approval from the HOA to schedule asbestos abatement in my unit, which will be paid for from the HOA reserves?