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 often, when a problem arises, a unit owner may be disappointed that certain perils are not covered. Although the condominium association’s “master policy” may cover some rebuilding costs, the unit-owner needs to be assured that there are no gaps (or costly overlaps) in coverage.       Read the article……..


Related Articles

Storms and Your HOA

You were just hit by a big storm, you know there is damage and are grateful everyone is safe; and

So You Want to be President of Your HOA?

Tired of feeling like you have no say in the decisions about the common areas or rules and regulations of

Special Report: Your Home, Their Rules

Their case is one of hundreds of foreclosures filed since 1993 by homeowners associations in Charleston County for unpaid dues