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Depending on the context, it may be an umbrella association that oversees or is related to a group of individual condominium or other land-use associations.
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How do you get a copy of certificate of insurance for entire condo building you live in?
You can request a copy from your association manager, or broker who sold the master policy coverage to the association.
Does a condo association insurance policy cover partial dismemberment of a finger if accident happens on property?
Every master insurance policy is different. Review the policy to determine whether this incident and its affects are covered under the master policy the association carries.
If your condo association is responsible for the exterior of your unit and you suffer interior water damage due to a leak from a foundation problem who is responsible to fix the interior damage?
Let your condo insurance company duke it out with the master policy insurance co.
Can you know the status of a condo association?
Yes.You can request the status of the association from the Secretary of State where the association is located.
Is a condo association a business?
Absolutely, yes. The association may be incorporated as a profit, not for profit, or an unincorporated association.
If condo association forecloses on an owner does the lender pursue deficiency judgment against the owner or condo association?
Your attorney can help you answer this question, since it requires a legal answer.
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 companies in Chicago offer condo association insurance policies?
State Farm, Progressive and Geico are some well known companies that offer condo association insurance policies. There are local and lesser known companies such as Melendez Insurance that offer condo association insurance policies also.
Does condo association pay for repairing mold damage?
It depends on the specific circumstances and the terms outlined in the condo association's bylaws or governing documents. In some cases, the condo association may be responsible for repairing mold damage if it is a result of common areas or shared systems. However, if the mold damage is due to the negligence of a unit owner or resident, they may be held responsible for the repairs. It is best to consult the condo association's governing documents and speak with the association board for specific information.
Can you rent out a bedroom in your 2 bedroom condo in Florida?
Only if the Condo Association allows it. It could otherwise fine you.
Can a lien be filed for nonpayment of assesments from a condo association?
Yes.
If water damage to condo ceiling is caused by association pipe failure but you do not have homeowners policy will association be liable to pay for repairs?
Whether the association is liable to pay for the repairs depends on the terms of your condo association's governing documents and local laws. Generally, the association may be responsible for damages caused by pipe failure, but it is best to consult with a legal professional or review your association's governing documents to determine the specifics of your situation.
