Question

 Is the deductible on a condo-owners association insurance policy considered a loss assessment?

Answer It often is considered that and often a person's policy on their personal condo will extend to pay up to $500 of the Association's deductible. Could be less than $500 depending on how much the Ass... Read More »
http://wiki.answers.com/Q/Is_the_deductible_on_a_condo-owners_association_insurance_pol...

Top Q&A For: Is the deductible on a condo-owners association...

What are the implications of having the condo association as an added insured on homeowner's condo insurance policy?

Answerthey are an insured under the policy as they 'own' the outside of the home........no 'implicatons' other than in some claims they would/may be included on the draft in payment........it may b... Read More »
http://wiki.answers.com/Q/What_are_the_implications_of_having_the_condo_association_as_...

My condo association is making claims on a D and O policy for the legal defense of the association not for the directors Is this insurance fraud?

When you write 'association', you are referring to a person. Without a person, the 'association' has no voice with which to make any claims. If the person sits on the board of the association, then... Read More »
http://wiki.answers.com/Q/My_condo_association_is_making_claims_on_a_D_and_O_policy_for...

Your condo association insurance policy has expired and the board members have not informed the tenantswhat do you do?

If you are a tenant, you can inform the unit owner, including evidence, that the master policy on the commonly owned real estate assets has expired.The owner, then, would send an official notice to... Read More »
http://wiki.answers.com/Q/Your_condo_association_insurance_policy_has_expired_and_the_b...

How does a condo association report owners delinquent in paying their condo fees?

The association wants to do more than report owners delinquent. The association wants to collect the debt. Check your governing documents to discover whether or not your assessments are automatica... Read More »
http://wiki.answers.com/Q/How_does_a_condo_association_report_owners_delinquent_in_payi...


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