Condominium insurance

Insurance claims have been growing. One common issue that arises is who is responsible- the association or the owner- when damage occurs. Whether the association’s master policy, or a unit owner’s HO6 policy will be covering the damage can be answered in the Condominium Association’s Governing Documents, Declarations or Bylaws. These are the documents that define what the association or owner is responsible for. Generally speaking, condominium declarations or bylaws usually take the position tha [...]