Question

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

Answer 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_...

Top Q&A For: What are the implications of having the condo a...

If water damage to condo ceiling is caused by association pipe failure but you do not have homeowners policy will association be liable to pay for repairs?

Work with the board to determine whose responsibility is to repair and whose responsibility it is to pay for the repairs. The board will work with the broker who handles the master insurance policy.
http://wiki.answers.com/Q/If_water_damage_to_condo_ceiling_is_caused_by_association_pip...

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...

Can a condo homeowner be charged a fee to obtain a master condo association flood certificate of insurance?

Depending on the source of the certificate, it may be that there are expenses related to producing it. The management company may have a set fee for all copies, scans and so forth. The insurance co... Read More »
http://wiki.answers.com/Q/Can_a_condo_homeowner_be_charged_a_fee_to_obtain_a_master_con...

If the cable tv company causes water damage to a condo unit will the condo association insurance cover it?

As a condominium owner, generally, you are covered by two insurance policies:The master policy, which insures all the assets owned in common, and may include liability insuranceThe HO-6 homeowner's... Read More »
http://wiki.answers.com/Q/If_the_cable_tv_company_causes_water_damage_to_a_condo_unit_w...


feedback
loading