Condominium Insurance Coverage Guide, 2nd Edition contains everything that made this book the instant, must-have reference for professionals seeking to properly insure the various condominium risks that unit owners and associations face. It delivers the clearest possible analysis of the most important documents, including state statutes, association agreements, and condominium master plans. Available insurance policies are explained in the context of defining documents, and all...
More DescriptionCondominium Insurance Coverage Guide, 2nd Edition contains everything that made this book the instant, must-have reference for professionals seeking to properly insure the various condominium risks that unit owners and associations face. It delivers the clearest possible analysis of the most important documents, including state statutes, association agreements, and condominium master plans. Available insurance policies are explained in the context of defining documents, and all relevant concepts are thoroughly clarified. In addition, this new, second edition now includes: Major chapters explaining ISO, AAIS, and MSO unit and association coverages State-by-state chart of condominium regulations Sample policy forms from major form providers An updated D&O chapter for directors and officers of condominium associations Updated claim discussions The book also includes copies of sample ondominium bylaws, sample condominium declarations, and sample insurance policy coverage forms, which, in combination with the expert analysis and guidance, enables users to correctly address the exposures faced by condominium unit owners and associations. Agents, underwriters, risk managers, and claims adjusters must comprehend these relationships in order to properly design and interpret insurance coverage for policyholders. Additionally, a chapter is dedicated to the risks that individuals face as association directors and officers and the most effective methods for handling those risks.