Responsibility for Repairs Whose Insurance Pays? (NY)

There’s an old adage that ‘insurance is for pessimists’ – but that’s very much not the case. In the world of home ownership, and especially in shared communities, proper insurance is a critical factor in protecting not only your most important asset – your home – but also your pocketbook and your neighbors’ pocketbooks. It’s important to know what your building or association’s insurance policies cover, as well as what individual unit owners and shareholders are responsible for when a claim is made.      Read the article………………

Editor

Recent Posts

Philippines: House unanimously approves proposed Condominium Redevelopment Act

The measure providing for the redevelopment of condominiums in the country has been unanimously approved…

7 hours ago

Shining a Light on Rooftop Solar for Massachusetts Condo Owners

After the Trustees of his condominium refused his request for an Architectural Variance to install…

7 hours ago

Iowans struggle to find homeowners insurance as companies pullout of the state

David Langston is the President of Beaver Creek Homeowners Association and one of his many…

7 hours ago

Real Estate Counselor: Horrific fall due to rotted balcony leads to condo litigation (FL)

A March ruling by Florida’s First District Court of Appeal and the 2016 incident behind…

7 hours ago

Southampton man convicted of fraud, money laundering (NY)

Officials said that Slothower devised a scheme to misappropriate more than $1 million from clients…

7 hours ago

Condo Smarts: No specified time period for project completion (BC)

Dear Tony: Thank you for your column last week regarding levy refunds.  Our strata council…

7 hours ago