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Breanna has purchased a new condo and has yet to move in. Unfortunately, the condo owner in the unit above her went away on vacation
Breanna has purchased a new condo and has yet to move in. Unfortunately, the condo owner in the unit above her went away on vacation and mistakenly left their bathtub faucet running, which flooded their unit and caused water damage to the ceiling and floor in Breanna's condo; Select the correct answer/s If Breanna has condo insurance, the insurance company will step in to pay for the required repairs (less any deductible on Breanna's condo insurance policy, or the amount Breanna will need to pay before her insurance policy starts to pay). If Breanna does not have condo insurance, her cash flow and net worth can not be negatively impacted as the condo's joint expenses will cover the loss If Breanna does not have condo insurance, her cash flow and net worth can be negatively impacted. She will need to pay for repairs from her cash flow and the value of her condo may also decline, lowering her net worth
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