House Bill 98, making changes to condominium insurance requirements, was passed during this year’s legislative session and signed into law by Governor Moore. It amends Section 11-=114 of the ...
Add Yahoo as a preferred source to see more of our stories on Google. Inadequate insurance is the most oft-cited reason that more condominium associations are on federal mortgage guarantor Fannie ...
The homeowner insurance woes facing many Americans are having a unique impact on condominium owners, too. Aging condos and deferred maintenance are sending condo insurance premiums soaring through the ...
Property insurance costs in Florida continued to rise between the first and second quarters of the year, and condo associations have been hit hardest during that time. The average cost of a commercial ...
Section 66-27-413 of the Tennessee Condominium Act includes specific requirements for insurance obtained by the condominium association for condominium regimes. If there are horizontal boundaries ...
In light of the recent condominium collapse in Surfside, Florida, condominium associations may find themselves questioning whether they are adequately insured for catastrophic casualty events and/or ...
Q: I live in a highrise condo building. Recently, a sewer pipe burst outside my condo between units. The water caused a substantial amount of water damage to my kitchen and the floors in my unit. The ...
Matt Timmons is a Lead Writer on the insurance team at ValuePenguin, where he writes in-depth and timely pieces helping find the right coverage for them. He's covered insurance at ValuePenguin since ...
Brokers always need to consider the interplay between condo corporation commercial policies, and the personal policies of ...
The disastrous collapse of the Champlain Towers South condo in Surfside has panicked condo owners across Florida who fear their insurance policies wouldn’t protect them against a financial catastrophe ...
Older condo association buildings, depending on height, proximity to the coast and state of repair may be facing an unaffordable situation. “I thought we were being conservative by budgeting the same ...
Condominium insurance premiums have surged in Hawaii over the past year, and many buildings and unit owners are feeling the effects. Today’s Living Akamai featured Hawaii Insurance Commissioner Scott ...