Whitepaper
It’s Not Natural to Live in a Co-op or Condominium
It’s Not Natural to Live in a Co-op or Condominium for Board Members and Property Managers. In the event of damage, property managers, board members and residents are typically confused as to who is responsible when it comes to the unit or personal property. In this helpful PDF, we provide a thorough explanation of who is responsible for what in the event of a loss.
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New York
New Jersey
About the Whitepaper
This White Paper offers invaluable information about many critical elements of community association insurance and covers responsibility within the unit, how responsibility is determined, why owners should have an insurance policy and a description of coverages that should be maintained.
It’s not always clear who is responsible for what within an association. Use this as a guide to protect your community association and understand what your responsible for insuring.
In this white paper, we’ll cover the critical elements of community association insurance. Here’s a sneak peek at what we’ll cover:
- Responsibilities within the unit
- Exceptions to the law
- The Bylaws
- Why it’s important to encourage homeowners to maintain insurance
- The impact of uninsured on all parties involved
- The right insurance makes a difference – HO6
- Waiver of subrogation
- Wear & tear exclusions
