What makes up betterments and improvements in a condominium?

Answer This terminology may be being used relative to a master insurance policy and coverage. One definition might be that betterments and improvements could be upgrades to existing fixtures, equipment, a... Read More »

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What are betterments and improvements in a condo policy?

Two types of insurance cover condominiums: A master policy that insures the common areas, andAn individual unit owner's policy that insures the interior of a unit and its contents. Betterments and ... Read More »

What is the difference between betterments and improvements and additions and alterations in a condo policy?

When buying insurance, it is key that you get an explanation, preferably in writing, from a broker when/if the policy uses any of these terms, to satisfy yourself that you're buying the coverage yo... Read More »

What are the consiquences of a Condominium Association putting a lien on your condominium home in Ohio?

If Ohio is like most other states, the recorded lien effectively clouds your title, so when you attempt to sell the unit, the lien shows up in the title search. As owner, the lien may also appear o... Read More »

What is the difference between a condominium unit and a condominium phase?

A condominium unit is a single unit in a condominium project, whether residential or commercial. A condominium phase is a development period, during which a developer builds, finishes and/or sells... Read More »