Asbury Blu Condo Ass’n, Inc v. Chubb Corp. No. A-3114-20, 2023 WL 7139900 (N.J. Super. Ct. App. Div. Oct. 31, 2023)
Source: https://www.lexology.com/, November 15, 2023
By: Amy L. Diviney, Plunkett Cooney PC
A New Jersey Appellate Court affirmed the trial court’s judgment for the insurer-defendant, Great Northern Insurance Company (Great Northern), in a condominium water intrusion suit, finding that policy exclusions applied to bar the plaintiff’s first- and third-party claims for property damage.
Pioneer AP II, LLC (Pioneer) developed and sponsored a 24-unit condominium building in Asbury Park, known as the Asbury Blu Condominium, which was completed in 2007. Pioneer also established the Asbury Blu Condominium Association (the association) to, among other things, take control of managing, operating, maintaining, repairing and replacing the condominium’s common elements once the transition occurred. Due to market conditions, it took several years before the units were sold and the association took control of the building. During that time, water intrusion issues arose that were allegedly caused by faulty installation of doors, windows and curtain walls. Read more.