Park Memorial Condominium Complex
This early 1970s building suffered from a collapse condition as defined by the Texas State Supreme Court. By the statute, the owners of a building do not have to wait until a building actually collapses to make a collapse claim that shall be paid for by the insurance company. MRI was retained by attorneys representing the homeowner’s association to evaluate the condition of the wood framed structure and provide a report of the findings. This loss was negotiated out of court in accordance with the insurance policy coverage and the collapse doctrine.