Condominium insurance is a unique type of insurance that integrates the interests of a condominium association with the interests of the individual unit owners. The structure of these policies is important and is defined in the Master Deed.
There are different kinds of Master Deeds such as the 'All in' and 'Bare Walls' deeds.
It is important to be very clear about what is the responsibility of the condo owner and what is the responsibility of the condo association in your Deed. As a condo association, make sure to communicate effectively with your condo owners.
Are you an individual condo owner? Click here.