Insurance Journal's Academy of Insurance
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Condominium-style living arrangements create unique insurance problems for both the association and the unit owners. To correctly insure the real property, two questions must be answered: 1) Who is responsible for what property; and 2) What is the value of the insured property. Assigning liability seems easier since the only question to be answered is: Which party can be held liable for injury or damage.
This e-book guides the reader through all three questions to allow him or her to more properly construct condo coverage based on the governing documents and/or statute. Concepts detailed in this book include:
Use this e-book as the solution to the condo puzzle faced by your insured, whether the association or the unit owner (both require the same information).