Homeowner Association didn’t have quake insurance, residents of condemned Eagle River condos say (AK)

An Eagle River homeowner association was not carrying earthquake insurance when the 7.0 magnitude temblor struck on Nov 30., despite that insurance being a requirement of the homeowners’ agreement, residents say. The damage caused by the earthquake will potentially cost tens of thousands of dollars for each of the 42 condominium owners.River’s Edge Condos sits right on the northern bank of Eagle River. At least eight of the units that back onto a hill on the northern side of the property have been red-tagged as “unsafe to occupy” by the Municipality of Anchorage.    Read the article…………………….