I subscribe to a number of condominium industry newsletters. One of the best is by industry leader Goodman, Shapiro and Lombardi.
GSL is starting a series on what is necessary and what you should have for insurance for your condominium association.
part one, talks about the basics and what you need to get by, and of course what makes you legal.
The highlights in this part include:
- insuring your condo association for Property, general liability,energy equipment,flood and directors & officers liability.
- What is required by Mass law 183A
- What the minimum crime coverage is required.
- Not falling into a gap with your unit owners homeowners policy ( HO-6 is the insurance lingo)
Check out their blog and sign up for their newsletter to read the rest of this series on insuring your condominium and your unit.