I am a member of a North Carolina Condo Association. Can the Condo Association require that a condo unit owner put the name of the Association on personal property insurance (as with a mortgage company)?
This is not in the Declarations or Bylaws, and our Board of Directors has a tendency to make up rules as they see fit, without taking a vote from the condo owners. We provide to them a copy of our insurance policy, but they do not have a right to that money anyway.
If I am responsible for damage, then my insurance will cover it. I don’t feel the Condo Association has any right to the money in the same way a mortgage company would. Am I wrong?
Please drag open the comment box from right bottom corner to make it larger.
Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.