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Hoa Is Withholding Insurance Payout For Damages Specific To My Condo

Back in January, our fire sprinkler pipes froze and burst causing a major flood in our 6 unit condo building. Three unit owners including myself had to move out for major repairs. The HOA's insurance is covering all damages (studs in and out), aside from personal property.

Two items that are covered by the insurance settlement are a replacement for my dishwasher and repairs to my cabinetry. These items are separate from the overall contractor's work and there were additional funds allocated for these specific items. I have asked my HOA to pay me out for these specific line items from the insurance settlement so that I can handle the cabinetry repairs and dishwasher replacement on my own. They have refused to transfer this money over to me and have asked that I submit receipts for reimbursement after I handle these repairs/replacement on my own. The reasoning was that this is "standard accounting control practice for any non-profit and it's important to avoid fraud or the misuse of funds". They further said that they need to ensure that these funds are being used for the specific purposes here and that if I were to find a better deal on these items, they would retain the excess funds and only pay me out for what the actual cost would be.

I believe this money should be transferred to myself as it is very specific to repairs in my unit. Additionally as an insurance settlement, I don't believe use of this money as I see fit would constitute fraud or misuse of funds. Any thoughts or advice?

submitted by /u/josepe1125
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Hoa Is Withholding Insurance Payout For Damages Specific To My Condo

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