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Condo & Townhome insurance the coverage responsibilities of associations
If you do not understand association insurance coverage don’t worry you’re not the first and certainly wont be the last person to express total confusion it is ok.
Confused over insurance
Insurance can be confusing for just about anyone who doesn’t deal with it on a daily basis. Between coverage options multiple deductibles / limits and insurance terminology in general. This is a subject cause a lot anxiety for many people.
coop homeowner insurance
Project Insurance Requirements FAQs
These FAQs are intended to help sellers and servicers understand and implement the property, flood, and liability insurance requirements for projects, and related requirements for individual units in condo, co-op and planned unit development (PUD) projects, including HO-6 coverage. For complete details regarding our requirements, please see Selling Guide Part B7, Insurance, Servicing Guide Part B, Origination thru Closing and related announcements.
4 steps to ensure comprehensive insurance coverage in your community
It is easy to treat the process of creating a comprehensive insurance plan as just another to do list task. But a board members it is a crucial undertaking for fully protecting their associations.