Brownstone Insurance has been insuring condo associations and unit owners for years. I wish I had a dime for each time someone has called me to ask if having a grill on their deck or rooftop was in violation of the insurance policy. Unit owners have called me because they already have one and another ...
If you plan on renting your condominium out to others, even for a short time, you should know that there is an endorsement which can easily be added to your insurance policy which provides property and liability coverage for the unit owner while the residence premises is rented to others. Theft coverage is provided for ...
Owners of condominium units receive building or structural insurance coverage from the association’s master insurance policy, but there may be many gaps of coverage. The insurance industry has responded to these gaps with the Condo Unit Owner’s Policy, or HO6. If you own a condo unit, you need an HO6 Policy. Master Policies cover the ...
Whether you just purchased your first condominium or have lived in one for some time, a personal condominium unit owner’s policy is a must. Dollar for dollar, it may be one the best insurance products available. In addition to providing personal property protection it can be designed to include some very critical protection. One area ...
Water is a peril that is often misunderstood by policy owners. Water backup damage can be very costly, and condo association members are often not sure who covers it. While it is commonly accepted that flood is not a covered peril of a typical homeowner’s insurance policy, there are other types of water damage that ...