Occasionally, insurance carriers for common interest communities elect to cancel or refuse to renew the policy. The tension created after a loss when the manager or board finds that the policy has been cancelled can drive a person to drink. Through incompetence, negligence or just plain mistake, the board may find that the association is no longer covered for losses. Failing to complete the renewal process or paying the premiums can and usually will result in insurance cancellation. Read the article………………………………….
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