What Does My Condo’s Master Insurance Policy Cover?

Upward angled shot of a condo building during sunset.Condo associations straddle the line between landlords and homeowners’ associations. They’re responsible for maintaining the grounds and shared spaces while granting owners freedom over the interior of their condos. However, with this balance comes some confusion over the responsibility of each party when it comes to liability risks and damages. To determine what you’re responsible for, you must first determine what your condo’s master insurance policy covers. [Read more…]

Why You Want Loss Assessment Coverage

If you live in a condo it is likely that you have a homeowners association (HOA) as an insurance policy which will cover things that happen in the common areas (areas outside of your personal unit). If so, they why would you need loss assessment coverage? There are times when you will need it and actually when you will be thrilled to have loss assessment coverage.

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How Is Condominium Owner’s Insurance Different From Renter’s Insurance?

Condominium Owner’s Insurance sounds simple enough, but it also a bit complex. [Read more…]