Condominiums are a difficult subject in insurance because of the intersection of the unit owner's policy and the association's policy. Where exactly do the two policies meet?
Who is responsible for what part of the building is a common and confusing issue. A year or two ago, we presented a wildly popular web seminar explaining just how the coverage worked. Recently, fellow FC&S expert Diana Reitz blogged about improvements and betterments, so now seems to be a good time to talk about condominiums.
When dealing with condominiums, one of the first things to determine the unit owner's or the association's responsibility for parts of the property. Obviously, the unit owner's sofa is his responsibility and the association is responsible for the roof, but the interior walls, plumbing, and other parts of the property are not so obvious.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
