Underinsuring condo building is not worth the risk

Q: I live in a condo association next to a creek that is in a flood plain. The association has property insurance for less than 80 percent of the building’s value.  Isn’t the board required by law to have insurance that covers all of the building’s value?   Read more……..


Related Articles

Association has right to enter unit to check for water leak

Q:  I own a condo and the unit below mine reported a water leak. The association retained a plumber to

Gold Coast condo board approves $500,000 assessment for legal expenses

Half a million dollars for legal expenses will be paid by unit owners at a Gold Coast condominium over the

Holly Geraci loses lawsuit, must ride condo elevator with dogs (IL)

The wife of a prominent Chicago bankruptcy attorney will have to share the elevator with dogs after losing a federal