Tag Archives: condominium insurance

Valuing Condo Association’s And Unit Owner’s Property: Condos Part II

Statutes and even associational declarations differ on the valuation method used when placing insurance coverage on the association’s property. Actual cash value (ACV), replacement cost (RC) and even market value are options mandated by statute and associational covenants, conditions and restrictions (CC&R’s). Most states apply actual cash value as recommended by the Uniform Common Interest […]

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Writing A Condo Insurance Program Requires Commitment

My daughters, Taylor and Emma, asked me to help them assemble a jigsaw puzzle they dumped on the floor hours earlier. We reached the final piece and could not find it anywhere. We scoured the playroom searching for the one component needed to complete the picture, giving up after 20 minutes. I found the missing […]

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