Insurance for Owners

Back to homepage

5 Ways Hawaii Condo Dwellers Can Protect Themselves

When I accompanied our daughter in her search to buy a condominium in Honolulu a few years ago, we didn’t even think to ask the real estate agent if the unit we liked had a fire sprinkler system or how

Read More

How to Save on Home & Renters Insurance in Your Homeowners Association

Whether you own or rent your home within a homeowners association, insurance is essential to protect your property and household goods. Comparison shopping for the best rates will certainly save you some money, but you also can save by following

Read More

HO-6 Insurance: Understanding Condo Insurance

Condo owners have very specific property insurance needs. While condo owners have dominion over their individual unit, homeowners associations are usually responsible for the exterior of the building as well as lawn and landscaping features. Likewise, there is an incredible

Read More

Condominium unit owners allege insurance company refuses to pay coverage (WV)

Two Webster County condominium unit owners are suing Nationwide, alleging breach of contract by refusing to pay coverage claims under an insured policy.  Wilma Sue Talbott and William Talbott filed a complaint March 22 in Webster Circuit Court against Nationwide

Read More

Dogs Take a Huge Bite of Homeowner Liability Claims

Dog bites man, man sues board. Are you adequately insured?  “My dog doesn’t bite.”  Don’t believe those four innocent words. Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claims paid out in 2016

Read More

Owners, never skimp on insurance — the association policy isn’t enough

Q:  I am about to purchase a condominium and need to know about insurance. I understand that the condo association has insurance coverage, so do I need anything extra?    Read the Q&A…………..

Read More

Dealing With Ice is Anything But Neat

Those of us in the Northwest were recently hit with the first round of winter snowstorms. My children are avid weather watchers (in hopes of future school closures), so I understand that we are in store for several more storms

Read More

5 Actions an HOA Board Should Take to Clarify Maintenance & Insurance

One common subject that often causes confusion in a homeowners association is grasping the difference between the maintenance responsibilities of an association and the items that are covered by the association’s insurance policy. Often owners and even HOA board members

Read More

Don’t be confused when it comes to condo insurance

Typically, owners are protected under two insurance policies: a master policy for the condo association and an individual, or HO-6, policy

Read More

Identifying and Protecting Against Storm, Hail and Wind Damage

Many business owners will ultimately rely on a representative from the National Storm Damage Center to provide a thorough inspection of any property damage following hail- or windstorms

Read More

Do You Know the Limits of Your Homeowners Association’s Insurance?

do you know what type of insurance you need to have or what the Association is responsible for and what the individual homeowner is responsible for?

Read More

HOA HOMEFRONT: Condos and insurance — what’s the best policy?

Q. When it comes to an owner choosing an insurance company for condominium insurance for the inside of the condo, would the best course be to choose the same company the association uses for the buildings and common area, or

Read More

Do you have the right homeowners’ insurance coverage?

This month is an ideal time for you to get to know your policy, and buy a better one if needed so it will do what you intended. Here are pointers to keep in mind.

Read More

Condo owners lose property-insurance case (FL)

Property owners Richard and Roberta Moody and Robert Denney filed the lawsuit seeking additional living expenses under their State Farm policies.

Read More

Taunton condo trustee: Many fire victims had no insurance for belongings

Dearborn, who says she’s lived in Somerset Gardens since 2004, lamented the fact that many residents who lost their belongings in the fire didn’t have either a renter’s or homeowners insurance policy that would cover those losses.

Read More

HOA and Condo Insurance: What You Need to Know

If you’re a condo owner, however, you may find your insurance situation to be a bit more muddied, as you’re dealing with two types: your personal policy and the HOA master policy.

Read More

Frenchman’s Bend (LA) map revision backfires in flood

A year ago, the Federal Emergency Management Agency issued the revised map to reflect accurate boundary lines for a 100-year flood elevation at Frenchman’s Bend

Read More

State Farm jacking up rates for owners who rent their condos (IL)

Condo owners who rent out their units are in for some sticker shock if their policies are with State Farm

Read More

Falling temperatures means frozen pipe claims – how to avoid your insurance claim being denied.

Cold weather is upon us, and this sets the stage for frozen pipes and water damage. If you experience any property damage from the winter weather, be sure to have your property protected from further damage when it is safe

Read More

Navigating Through Your Homeowners Insurance Policy

Homeowners insurance typically covers home-related property and liability risks. However, like many contracts, it can be difficult to fully understand your homeowners policy. However, you don’t need a law degree to navigate your document.  Read the article………….

Read More

Vendor Insurance

Running a community is a lot of work, and one piece of the puzzle is hiring qualified vendors for repairs, maintenance and many other tasks. However, before you sign any contract, you want to ensure the vendor is licensed and

Read More

Homesharing and Insurance: What Your Board Should Know

In the tri-state area, where even the most profligate among us may shed a tear or two at hotel room prices, the homesharing trend has grown by leaps and bounds, with more co-op and condo owners than ever renting out

Read More

Homesharing and Insurance: What Your Board Should Know

Long before Airbnb became a household word, attorney Frank Flynn was dealing with condominium owners who thought that turning their units into a bed and breakfast was a great idea. “It’s a terrible idea. You get all these people coming

Read More

Understanding Your Coverage

Sometimes insurance and the terms that accompany it can feel like a completely foreign language. It can be mystifying and overwhelming, whether for individual condo residents or the board members who oversee the community as a whole.   Read the article……….

Read More

Condominium Insurance Considerations: Owner-Occupant and Owner Who Rents Out

Owners of condominium units should review their condominium insurance needs carefully. A unit-owner’s policy is essential. In fact, in some jurisdictions, such as the District of Columbia, it is required by law. Even with a policy in hand, all too

Read More

Are You Carrying Enough Loss Assessment Coverage?

I was recently told a story about a condominium association that is carrying property insurance coverage on their condominium units which includes a $50,000 per unit deductible on water related losses! Evidently, this association has also adopted a policy which

Read More

10 Steps to a Well-Designed HO 6 Policy

Today, an owner of a condominium or townhouse is much more likely to have major insurance gaps in his or her property and liability insurance coverage than the purchaser of any other personal insurance policy is. There are several reasons

Read More

Condo owners be careful with refinance paperwork

A Phoenix woman says her mortgage servicer added costly insurance to her account that she didn’t need and without her consent and now she’s fighting for a refund.  This is a problem that can come up for people who own

Read More

Have The Right Condo Insurance?

As a condo owner, you receive some level of insurance coverage through the condominium complex’s master policy, which covers damage to the building’s common areas and liability claims for accidents that occur in those areas. But there can be significant

Read More

The basics of insurance for condos

Your condo is more than a roof over your head: It’s your home. So make sure you understand the insurance requirements and coverage options for your unit.   Read more……….

Read More

What’s the Worst That Can Happen in a Water Leak Situation in Your HOA?

Sorry to upset your holiday cheer but I had another call today from someone who was outraged that they had to relocate while work was being done on their unit – and that they could not get reimbursement from their

Read More

Have The Right Condo Insurance?

As a condo owner, you receive some level of insurance coverage through the condominium complex’s master policy, which covers damage to the building’s common areas and liability claims for accidents that occur in those areas. But there can be significant

Read More

The basics of condo insurance

Your condo is more than a roof over your head: It’s your home. So make sure you understand the insurance requirements and coverage options for your unit.    Read more………

Read More

What Do I Need to Know About Condo Insurance?

Wherever you live, there’s an insurance policy to protect it, and condos are no exception. However, specific rules about condo ownership make individual condo policies more complicated than a homeowners or renters policy. Condo associations carry coverage, but it’s still

Read More

The ABC’s of Insuring Your Co-op or Condo – Common Terms and Options for Insurance

Sometimes insurance and the terms that accompany it can feel like a completely foreign language. It can be mystifying and overwhelming, whether for individual co-op or condo residents or the board members who oversee the community as a whole. The

Read More

Have The Right Condo Insurance?

As a condo owner, you receive some level of insurance coverage through the condominium complex’s master policy, which covers damage to the building’s common areas and liability claims for accidents that occur in those areas. But there can be significant

Read More

Have The Right Condo Insurance?

As a condo owner, you receive some level of insurance coverage through the condominium complex’s master policy, which covers damage to the building’s common areas and liability claims for accidents that occur in those areas. But there can be significant

Read More

Minn. Homeowners Combat Insurance Companies over Storm Damage Claims

Wirth is certainly not alone, and a similar case is currently before the Minnesota Supreme Court. In that case, Cedar Bluff Townhome Condominium Association, Inc. vs. American Family Mutual Insurance Company, a condo association is fighting American Family, in the wake

Read More

Community Association Boards Need to Know and Understand the Exclusions and Requirements in their Association Insurance Policies

Community associations maintain a number of different types of insurance policies to cover various risks, including physical damage, bodily injury, and employee or director dishonesty. Association boards typically rely on their insurance agents to help them shop the major insurance

Read More

The Quality of the Unit Owner’s HO-6 Coverage Becomes a Focus

People in the condominium association insurance field have long suggested that individual unit owner coverage should be mandatory. It’s not, you know. And while many Association’s governing documents require the individual owner to obtain their own policy, Boards find enforcing

Read More

New resident of New Town (MO) upset over insurance requirement

A month after moving into his new two-bedroom, two-story home in New Town, Larry Smith got a welcome packet that contained an unexpected letter. It said that Smith was required to name the community’s homeowners association as an “additional insured”

Read More

Navigating Insurance as a Condo Owner

Many people opt to purchase condos instead of a traditional home with a yard. In some crowded cities, the lower cost of a condo is a primary motivating factor, but for many condo-dwellers, the reduction in responsibilities is the real

Read More

A Message from CAI Government & Public Affairs (re: Flood Insurance)

Today, January 8, the U.S. Senate is voting to invoke cloture (a.k.a. bring the debate to an end) on S. 1846, the Homeowner Flood Insurance Affordability Act (HFIA). If cloture is invoked, the Senate will proceed to debate and a

Read More

The Condo Conundrum (Insurance)

Condominiums became popular largely because they allowed people to own property without having to take care of everything owning a home usually entails.  Read more…..

Read More

The Condo Insurance Every Unit Owner Needs

I own a condominium, and I am finding it very hard to get clear answers about the amount and kind of insurance I need. The confusion comes in interpreting the condo documents and the master condo insurance policy for the

Read More

Is Your Condo Covered? Homeowner Association vs. Owner Insurance: Know what’s Covered Before You Buy!

I’ve seen a number of critical errors homeowners make when buying a condominium. In some cases, owners had NO insurance when a major water loss occurred in the building, leaving them with no protection or ability to recover the expenses

Read More

Is Your Condo Covered? Homeowner Association vs. Owner Insurance: Know what’s Covered Before You Buy!

I’ve seen a number of critical errors homeowners make when buying a condominium. In some cases, owners had NO insurance when a major water loss occurred in the building, leaving them with no protection or ability to recover the expenses

Read More

I Thought The HOA / Condo Association’s Insurance Would Protect Me!

I don’t often post the exact same blogs on both of my blogs but this is such an important topic. I fell compelled to sit down today before I start work and send out a warning. This urge was triggered

Read More

Mind the Gap: Understanding Your Insurance Responsibilities

Insurance is designed to be there for us when we need it most. Without knowing the full extent of our coverage, though, we may find ourselves with less protection than we thought. For condominium owners, it is imperative to understand

Read More

Ordinance or Law Insurance Coverage: Why would it matter to you or your HOA

Grandfathering is an important tool in passing laws to improve the quality of new construction because it exempts existing structures and does not require them to comply with new laws and ordinances. Imagine the cost and complications we would have

Read More