Quote:
Originally Posted by robmac
Just a suggestion BD,make sure you only buy the policy you need. The assoc. carries a master policy on the structure so it;s not the same as what you;d purchase for a self owned property.
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I agree with this, however condo association coverages vary widely among association. Bylaws don't keep up with the times. You may find that the association may have to change its coverage and bylaws in order to provide complete coverage with today's condo policies.
My association created in 1978, completely revamp its policy and bylaws. Results in savings for all overall by preventing overlaps.