Owning a condo comes with some great perks — less upkeep to worry about and access to shared amenities like pools, gyms, or common spaces. However, it also comes with financial obligations that can ...

The condominium declaration may also require each of the individual unit owners to carry their own separate insurance policy, sometimes referred to as an HO-6, which typically covers damage to the ...

If you live in a condominium, it’s easy to think that your homeowners association will cover you in the event of a disaster. After all, it manages your lawn care and makes sure that the exterior of ...

Condominium association insurance coverage, also called a Master Condo Policy, is a type of insurance designed to cover the cost of condo property damage, protecting association members against ...

Alex Carver is a writer and researcher based in Charlotte, N.C. A contributor to major news websites such as Automoblog and USA Today, she’s written content in sectors such as insurance, warranties, ...

Q. Should volunteer unit owners who serve on our condominium association’s committees/commissions be covered under the association’s liability insurance coverage? Owners have questioned what their ...

A January court ruling that said individual condominium owners can be held liable for defects in their building’s common areas continues to raise concern. “People are definitely talking about it,” ...

Elizabeth Rivelli has nearly five years of experience covering insurance for finance publications. She has expertise in various insurance lines, including car insurance, health insurance, travel ...

I have noticed a recent uptick in questions from my clients about steps that can be taken to limit their potential liability associated with either designing or building condominium projects. These ...

Discover how buffer layers fill the gap between primary limits and excess insurance, providing essential coverage for large ...

State Farm has the best cheap condo insurance in Chicago, with an average rate of $49 per month. The company also has a good reputation for customer satisfaction. Other good choices include Amica for ...