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Browse the full Resources Index

Deductibles in Condominium Claims: Who Pays What

Deductibles in Condominium Claims: Who Pays What

Deductible structures in condominium claims can be more layered than in a typical single family home loss because two separate insurance policies, the association’s master policy and the individual unit owner’s policy, may both be involved in a single...

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Loss Assessment Coverage for Unit Owners

Loss Assessment Coverage for Unit Owners

Loss assessment coverage is a feature found in many individual unit owner policies, designed to address a specific scenario: when a condominium association levies a special assessment against unit owners to cover costs the master policy did not fully pay, often...

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Documenting Interior Unit Damage in a Condo Loss

Documenting Interior Unit Damage in a Condo Loss

Interior damage inside a condominium unit, whether from a wind driven rain intrusion, an ice dam related leak from above, or a plumbing failure in an adjoining unit, requires a documentation approach that accounts for the layered ownership structure of a condominium...

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Communicating With the Board During a Condo Claim

Communicating With the Board During a Condo Claim

When a hailstorm moves through a Minnesota condominium development, the association board becomes the central point of contact for the master insurance policy, even though every unit owner has a financial stake in how the claim resolves. The board typically holds the...

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