Publisher's Synopsis
Condominium Insurance Coverage Guide, 3rd edition, contains everything that makes this guide the instant, must-have reference for professionals seeking to properly insure the various condominium risks that unit owners and associations face. Not only does this guide give an update of the Condominium Coverage Guide with an explanation of changes in the ISO HO 00 06 Unit-owners form, but it also covers a state-by-state chart of condominium regulations, sample policy forms, an updated D&O chapter for directors and officers of condominium associations and updated claim discussions.
This new edition delivers the clearest possible analysis of the most important documents, including state statutes and bylaws. It explains the 2022 updates, changes to the HO 00 06 Unit-owners Coverage Form, and the interplay between state statutes, the association policy, and the unit owner's policy.
What's new in the 2023 edition:
- A thorough explanation of the changes to the HO 00 06 Unit-owners Coverage Form
- Updated case studies and examplse
- Explanation of Home-sharing issues
- Discussion of Commercial Property Causes of loss forms
- Issues in claims settlement
Topics Covered:
- The updated HO 00 06 Unit-owners Coverage Form is explained
- Sample condominium bylaws and sample insurance policy coverage forms to correctly address the exposures faced by condominium unit owners and associations
- The risks that individuals face as association directors and officers and the most effective methods for handling those risks.
