Our Association signed a building coverage contract in November 2019 with Lloyd’s prepaying about $40000 in premium. On August 19, 2020 we suffered over $100000 in damages from a horrific rain storm. A claim was filed the next day. 30 days later an adjuster visited. Later in November a forensic engineer visited. In December a mechanical engineer visited. In the spring of 2021 our claim was denied for “wear and tear.” Water penetration from severe rain which stains interior wallboard, puddling of water in the entrance atrium, shorting out of newly installed carbon monoxide fan motors, etc. represent damages which should be covered by insurance. Trustees have an expectation of protection when they sign an insurance contract. Trustees and owners rely upon coverage. Lloyd’s notification process and repeated delay tactics are tantamount to fraud. It is evident that Lloyd’s never intended to cover our building at all!