0
Your condo association insurance policy has expired and the board members have not informed the tenants what do you do?
Wiki User
∙ 14y ago
If you are a tenant, you can inform the unit owner, including evidence, that the master policy on the commonly owned real estate assets has expired.
The owner, then, would send an official notice to the board indicating that they were in violation of the rules written in the governing documents regarding insurance.
The owner can quote the 'shall' paragraph that requires the board to carry a master policy and keep it current by paying the premiums.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What services are provided by the American Risk and Insurance Association?
The American Risk and Insurance Association provide resources, information, support and networking for its members which is invaluable. They also strive to improve the career development of its members.
What are the services provided by the Canadian Franchise Association?
The Canadian Franchise Association are franchise support service (FSS) members of the CFA. They help their members with their personal insurance needs.
Who is in the American Land Title Association?
ALTA members include title insurance agencies, title examiners, and attorneys
What was the Lincoln protective association?
This mutual benefit society was organized in May 1905 in Allegheny, PA to provide life insurance protection to its members.
What is the definition of solvent association?
It means an association is in good financial standing with dues paid by members being more than the maintenance, insurance, and other budgeted items, thus having a surplus of funds.
What is group health insurance?
Group health insurance provides medical insurance to members of a selected group of people at a discounted rate. For instance, the group may be the members of a society or professional association, or the employees of a particular employer. These plans are generally uniform in nature, offering the same benefits to all employees or members of the group. Such insurance plans are cheaper than any other insurance policy because the risk to the issuer is spread out through an entire group
Where is it possible to hire health insurance brokers?
The National Association of Health Underwriters keeps a directory of all its members who are licensed insurance brokers. To hire one, simply give them a call, and ask them to work for you.
What are the benefits of membership in the National Association of Realtors?
The benefits for members in the National Association of Realtors are Educational Opportunities, Financial and Personal Protection Services, Insurance, Office Solutions, Marketing and Technology Tools, and Travel and Automotive Discounts.
What composed of 300 members?
The New York State Bar Association is composed of 300 delegates. For more than 135 years, the New York State Bar Association has shaped the development of the law, educated and informed the profession and the public, and responded to the demands of a changing society.
What processes might be used to ensure that team members are informed of outcomes of continuous improvement efforts?
team members are informed of outcomes of continous improvement efforts
What are acceptable risks in a Risk Retention Group?
A Risk Retention Group is a type of insurance formed by members who associate specifically to form an insurance pool. Acceptable risk is the level of loss that such an association can handle and remain solvent.
Is the deductible on a condo-owners association insurance policy considered a loss assessment?
It often is considered that and often a person's policy on their personal condo will extend to pay up to $500 of the Association's deductible. Could be less than $500 depending on how much the Association's deductible is and how many COA members there are.
