Continuing my state-by-state review of mandatory condominium insurance requirements, this post will look at Pennsylvania—the Keystone State.
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March 2018
Loss Assessment Coverage for Florida Hurricane Irma Damages
Some Florida condominium association board of directors might find themselves in the situation where they have adopted special assessments to pay for repairs related to Hurricane Irma. This might occur if the condominium’s master policy covers a loss, but the damage exceeds the coverage available in the building insurance policy. In this situation, the association may seek from individual unit owners a shared portion of the coverage that the underlying association insurance was insufficient to cover.Continue Reading Loss Assessment Coverage for Florida Hurricane Irma Damages
Reimbursement for Urgent Repairs Under Puerto Rico’s Condominium Act
It is important for insureds to know that Puerto Rico’s Condominium Act provides reimbursements for repairs considered “urgent” and made at their expense. This will only apply for urgent repairs needed in common areas of the condominium.Continue Reading Reimbursement for Urgent Repairs Under Puerto Rico’s Condominium Act
Is Your West Virginia Condominium in Compliance with the Law? Mandatory West Virginia Insurance Requirements
Continuing my state-by-state review of mandatory condominium insurance requirements, this post will look at the Mountain State, West Virginia, whose motto is Montani semper liberi (Mountaineers are always free).
Continue Reading Is Your West Virginia Condominium in Compliance with the Law? Mandatory West Virginia Insurance Requirements
Is Your Kentucky Condominium in Compliance With the Law? Mandatory Kentucky Insurance Requirements
Kentucky law requires that unit owners of a condominium form an association once the first unit is sold. The association must consist exclusively of all the unit owners of the condominium.
Continue Reading Is Your Kentucky Condominium in Compliance With the Law? Mandatory Kentucky Insurance Requirements