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The answer depends on how the contractor is employed by the association.
If the contractor is bonded, insured and licensed -- best practices indicate this is the best position for the association, to require these documents from a contractor -- then the association's insurance requirements are different from those required by an association that hires a casual laborer.
Review your insurance requirements with your broker, and describe how you plan to use the contractor on a regular basis, or a one-time basis. Your broker can best advise you about the insurance you need.
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How much should I be paying for condo insurance?
The value of your insurance depends upon the value of your condo. The important thing is that you have enough insurance to replace the condo. If you got the condo for a low price many years ago you can't insure it for that because you'd not be able to get another to replace if it were destroyed. The cost of the insurance on yor condo is based on several factors. In some cases your condo association will dictate the amount of coverage you must have.
How much does Condo Insurance cost?
A condo insurance costs about $200-$500 a month. You can read more at http://www.prudentialelliman.com/MainSite/Guide/NYCClosingCosts.aspx
How much is insurance for a contractor in Idaho?
It depends on what type of contractor. Contact a local insurance agent who will be able to give you a quote.
How much professional liability insurance does a sole proprietor painting contractor need?
A contractor Buys Commercial Liability Insurance in the contractor class, not professional liability insurance. The amount needed is typically determined by the exposures presented or as specified by the employer.
How much condo insurance do you need?
To determine how much condo insurance you need, you are best advised to insure the contents of your unit, because the association's master policy insures the real estate assets that all owners own in common. You can work with a broker and a copy of the master policy to determine the insurance coverage you want and need.
What should I know before buying condo insurance in South Padre, Texas?
You will want to know how much coverage you want and what your looking to pay. You also should know how long a policy you will need and if you can transfer it if you move.
How much is homeowners insurance for a condominium?
The cost would depend on several main factors, the location of the condo, how much coverage you are seeking and what deductible you select.
How much coverage should you put on personal contents of Michigan 2 bedroom condo?
You should request coverage in an amount appropriate to cover the value of your home's contents. Your insurance agent can assist you in valuating the replacement cost of your personal items. Then you can decide how much coverage to buy.
Will insurance cover damage to your house when a tree damages it while being removed by you or a contractor?
No, it generally needs to be an "act of God" The contractor should have insurance that would cover it. If you did it, you are SOL. 4lifeguild If the tree fell because of a contractor, they should be bonded and insured (therefore will pay for all damages). If it fell while you were removing it, then your home owners insurance will cover it after you have paid the deductable. If the deductable is $1000 and it costs $1200 to fix it, then it wouldn't be worth filing a $200 claim. Your rates go up by as much as 30% when you file any claim. Do the math and decide for yourself which is the best plan of action.
How much should you charge to paint a 1000 sq ft condo?
500-700 dollars
How much money should a contractor make per day?
$60,000,000 a day
What exactly is contractor liability insurance?
This insurance, though in some states isn't required is intended to protect the business owner from a wide variety of accountabilities and damages. It's much like car insurance only, for your business.
