Get an Insurance Quote Now!

Condo Association Insurance - Casualty Insurance

stephen polinsky on Jan 30, 2009 8:19:00 AM



Casualty insurance: This is the condo assocation insurance policy that pays to reconstruct the condo associations property after a calamity such as a fire, tornado or hurricane. State law mandates there is condominium association insurance of the structures. The statute should be carefully consulted for an understanding of exactly how the line is divided between the condo association insurance obligations and the obligations of the individual condo unit owner. Contrary to popular belief, condo association insurance and maintenance obligations may be entirely different for the same item. For example, most condo documents require the condo unit owner to maintain interior doors, while state law requires that they are to be insured by the condoassociation. Often, older condominium documents will impose stricter condo insurance requirements than what is generally available in the condo insurance market. For example, while many condo documents require full replacement cost insurance, most condo associations now place condo association insurance which contains a deductible. A well-written set of condodocuments also will discuss how deductible expenses are allocated in the event of an uninsured or under-insured loss.


Leave a comment

Get an Insurance Quote to insure your HOA or Condo Association property.  We can also provide comprehensive coverage including D&O board member protection.

Fill out the short form:

  • Get a call from our insurance group
  • Receive quotes from the biggest carriers
  • Free service - no obligation on your behalf

Information needed for a competitive quote from our insurance carriers:

  • Declaration Pages from your Current Insurance Policy
  • Copy of Association Bylaws
  • Annual Gross Income of Association
  • Age of Property
  • Approximate Property Square Footage
  • Information regarding recent Property System Replacements or Upgrades including Roof, Heating & Air, Electrical, Windows, etc...

Contact us at 

Recent Posts