HOA Insurance
Condo association insurance protects condominium communities from financial risks. Every condo association should have an insurance policy to safeguard common areas and protect owners from costly repairs. Without proper coverage, associations might encounter problems with financial stability. What is Condo Association Insurance? Condominium association insurance, also known as a master policy, offers coverage for the shared elements of a condominium complex. This includes roofs, hallways, lobbies, and other common areas. This type of insurance helps protect associations from property…