Your Questions…Condominium

Part of our jobs is answering member questions or at least giving a point of view!

The Policy is ALL IN, including Improvements and Betterments. The Condo Docs read that the Master Policy is not responsible for Improvements and Betterments. How will the Policy respond to a Claim? Will the policy language supersede the Condo Doc language?

Do you have more information on the Special Coverage A endorsement for the HO6 policy and examples of claims that would be covered if you purchase this endorsement for a unit owner's condominium policy (HO6)?

We insure a client who has bought a personal condo in an association that has the association covering everything, including betterments, according to the bylaws. Their bank has advised them to carry $200,000 building coverage as they believe the master policy has undervalued the units and want the insured to have enough coverage for any unit damage. Help!

If there is a co-insurance clause under the master condominium policy and the unit owner is assessed, does the loss assessment cover the unit owner, or does it fall under coverage A?

And these are just the tip of the iceberg! See you at the convention for more questions, and feel free to bring your own!