It is becoming more and more common place. A condominium association has a few claims on its insurance policy over the years and premiums start to rise. In order to purchase affordable casualty insurance to cover the common elements and the portions of the units the association is obligated to insure per the governing documents and/or law, the Board of Directors has to make a tough decision to choose a policy with a higher deductible. In many cases, we are seeing associations with deductibles of $5,000, $10,000 or even $25,000.    Read more……..