Residents:
We are talking with insurance adjusters that have underwritten our flood, wind, and package insurances for the condominium structures, club facilities, and common areas. The earliest these adjusters will make it onto the project will be the week of September 22, 2008. Many of the adjusters reside in this region so you can imagine the shear volume of calls they are getting. Terramesa is in contact daily with our main carrier Countrywide Insurance to insure they are exerting pressure on the individual carriers to get adjusters to our projects in the next 7-10 days. Once assessments are made, we expect the insurance companies to give us immediate authorization to proceed with permanent repairs. We have a general contractor on standby to commence the work on the building exteriors.
At this time, we are only permitted to do site clean-up and perform temporary repairs to prevent further damage to the buildings. Any further work will compromise the insurance claim. We understand everyone has a high level of anxiety to identify the damage to their units and proceed with repairs. The repairs to the main structure must first be completed.
