Condo associations need the right insurance in place
While condo living has many perks, one of the most important is the condo association's insurance policy. This policy protects against exposures like structural damage or the increased liability faced by having a pool or fitness center. As such, it's important for condo associations to make sure they have the right insurance in place. Condo association insurance typically includes coverage for the common areas, such as the lobby, hallways, and recreation facilities. It also includes liability coverage in case someone is injured on the property. In addition, condo associations can purchase additional coverage for things like special assessments, condo doc compliance, and loss of use. By working with an experienced agent, condo associations can be sure they have the right coverage in place to protect their property and their residents.
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