Insurance requirements for condominiums can be confusing for both boards and unit owners. Determining responsibility for various risks and the insurance options available are important for all stakeholders within the condominium community. In a world of increasing litigation, it is important to know who is responsible for what and to maintain adequate insurances for your responsibilities. Underinsured or uninsured parties can potentially lose big if adequate insurance is not held by the condominium corporation (the “Corporation”) or an owner.   Read the article…………………………….