Gatlinburg Real Estate Blog

The ongoing complete reconstruction of building 6 at the Gatlinburg Summit Condominiums has reminded me that although condominium home owner associations provide some insurance these policies don't cover everything. Owners of units at The Gatlinburg Summit building 6 were total losses when a fire completely destroyed the structure  on April 16, 2014 and everything in it. After lots of work to remove the charred remains and months of insurance investigation work, the rebuilding is now well underway. Although the building shell has been rebuilt, it won't be restored to its pre-fire condition. The exact details are still under some degree of uncertainty but it is a certainty that owners of these units will have a new building shell but they won't be fully restored. At a minimum the furniture and decor items won't be replaced or paid for by the HOA's insurance. It is possible that much more won't be replaced and here is why. The insurance that the The Gatlinburg Su...

The ongoing complete reconstruction of building 6 at the Gatlinburg Summit Condominiums has reminded me that although condominium home owner associations provide some insurance these policies don't cover everything. Owners of units at The Gatlinburg Summit building 6 were total losses when a fire completely destroyed the structure  on April 16, 2014 and everything in it. After lots of work to remove the charred remains and months of insurance investigation work, the rebuilding is now well underway. Although the building shell has been rebuilt, it won't be restored to its pre-fire condition. The exact details are still under some degree of uncertainty but it is a certainty that owners of these units will have a new building shell but they won't be fully restored. At a minimum the furniture and decor items won't be replaced or paid for by the HOA's insurance. It is possible that much more won't be replaced and here is why. The insurance that the The Gatlinburg ...