As most condo owners are aware, their condo associations are responsible for insuring the condo’s buildings, including the individual units, up to the original builder’s grade. Almost all condo association policies have property deductibles. If your condo association has recently passed a deductible resolution, you may now be on the hook for some, if not all of this deductible unless your current HO6 policy provides adequate coverage. Therefore, it is important that you contact your personal lines carrier or agent to establish how this loss is handled on your individual HO6 policies in order to be fully protected.

Ask your carrier or agent the following question: How much coverage do I have towards my condo association’s deductible? If the amount of coverage is less than the deductible, find out how you can increase the coverage to the full amount of the deductible.

Published in Blog style

Contact us

For questions or more information, please contact us by phone or email.


Connect with us

We're on Social Networks. Follow us & get in touch.