condo association insurance

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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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Don't be caught without 
the right coverage

As a condo association, it's important to have a comprehensive insurance policy in place that covers all of your common structures and property. This includes buildings, hallways, elevators, and sidewalks. But a truly complete insurance package will often also include options like general liability, directors' and officers' liability, and sewer and drain backup coverage. By having all of these bases covered, you can protect your condo association from any number of potential liabilities. So be sure to work with your insurance agent to make sure you have the right level of coverage in place. It could save you a lot of money and headaches down the road.
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