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Insuring Condominium Property and Liability Exposures

Insuring Condominium Property and Liability Exposures

Quick Overview

Learn the key issues regarding the insuring of condominiums to avoid holes in either the association's or unit owner's coverage.


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Duration 1 hour
Location Online Webinar
Formats On-Demand
Instructor Christopher J. BoggsChristopher J. Boggs

Completing the condominium insurance picture necessitates "jigsaw puzzle" tenacity. Quite a few pieces must be snapped together to assure the proper insurance picture is presented; any missing information can leave a gaping hole in either the association's or unit owner's coverage picture. Regardless of the client's status as the association or individual unit owner, the puzzle cannot be completed until the agent can connect the answers to two questions:

  • Who is responsible for what property?
  • What is the value of the insured property?

Attendees of this Webinar will be able to answer these two questions as well as learn:

  • The difference among "All In," "Base Walls" and "Original Specifications" condo rules
  • How the flood policy figures into condos
  • How to properly place a value on condo property (based on who insures it)
  • Who can be held liable for injury or damage?
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