Condominiums, Cooperatives, Homeowners Associations, and Timeshares Written by Bellken Insurance Group, Inc. on Jan 6, 2017
It can be very confusing, even for a seasoned agent, to determine which insurance statutes apply to each type of association. When analyzing the statutory and insurance coverage issues the first stop must be the bylaws and documents of the association. This is the only true way to determine the type of entity you are dealing with. If the proper insurance policy is not used to cover the entity, it is like giving a ...