What are the requirements for the association to obtain flood insurance? What is "earthquake insurance" for a condo association?

Jul 7, 2021 ... Condos are units in a multi-unit building. As such they require that you have insurance for your own personal condo as well as collective ... Your homeowners policy pays to repair or rebuild your home if it is damaged or destroyed by fire, hurricane, hail, lightning or other disasters listed in your ... Q. What kind of insurance do I need for a condominium? Condo insurance is similar to a renter or tenant policy. The policy covers contents that ... Individual condo-unit owners earthquake policies cover the contents inside the walls of the condo unit, not the structure itself. Building Property coverage ... Dec 27, 2022 ... The condo association will often have an insurance policy in place to cover the building's exterior and its common areas. You will still need to ... Jun 1, 2024 ... There are two acceptable options for unit coverage depending on what the governing documents indicate: The condominium homeowners association ... What does my homeowners insurance cover? · Property Coverage. Pays to repair or rebuild your home and other structures on your property if they're damaged. Jan 16, 2017 ... A condo policy will generally cover interior structures, such as cabinets, flooring and countertops within your unit's surrounding walls, but ... Jun 12, 2024 ... The Master Condo Policy is responsible for covering two main areas of risk — general liability for the association and property damage coverage ... A condo association master insurance policy, also called an HOA master policy, protects the complex and its residents against property damage and liability ...