Novie Inoc housing and condo agent

— liability for property damage caused by an earthquake in a condominium depends on who owns what and what’s stated in the condo’s governing documents and insurance policies. Here’s a simple breakdown for you 👇

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🏢 1. Condominium Building (Common Areas)

These include:
• Building structure (columns, beams, exterior walls)
• Roof, lobby, hallways, elevators, parking areas, etc.

✅ Liable party:
Condo Corporation / Homeowners Association (HOA) — they’re responsible for maintaining and repairing the common areas of the building.
🔸 If the building is insured, the master insurance policy should cover earthquake-related structural damage (if earthquake coverage is included).

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🚪 2. Individual Condo Unit (Interior Areas)

These include:
• Your walls, ceilings, flooring, built-in furniture
• Appliances, personal belongings, etc.

✅ Liable party:
The unit owner is responsible for damages inside their unit.
🔸 If the damage is due to an earthquake, and your personal property insurance includes earthquake coverage, your insurer will handle repairs or replacements.

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⚖️ 3. When the Building is Declared Unsafe

If a government agency (like the City Engineering Office or DPWH) declares the structure unsafe:
• Residents must temporarily evacuate.
• The Condo Corporation must coordinate inspections, repairs, and insurance claims.
• Costs may be shared by unit owners if not fully covered by insurance.

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🧾 4. Important Tip for Condo Owners & Tenants

✅ Check if your condo’s master insurance includes Acts of God (earthquake, typhoon, flood).
✅ If not, consider getting personal earthquake insurance for your unit’s contents and improvements.
✅ Tenants should clarify with the unit owner who covers what under the lease.

🔥HOUSE & LOT FOR ASSUME🔥

LOCATION: HAPPY HOMES Soong , Lapu-Lapu City, Cebu

House details:
Monza model (2-storey townhouse)

Floor Area: 86 sqm
Lot Area: 54 sq m
3 bedrooms
2 toilet and bath
Living and Dining area
Kitchen and Service area
Carport

✅Assume Price: 2M. Negotiable in Terms

🔑2.3M Outstanding Balance under Pag Ibig.
(buyer may settle it immediately or continue monthly Amortization per month for 27 years left to pay. (Buyers Choice)

Puyo na Dayon walay hasol
Pm now❤️❤️❤️