Because the unit owner’s coverage must dovetail seamlessly with the association’s coverage, the same information is required for both parties .. Read more regardless which person or entity is the agent’s client. Every agent writing either a unit owner OR a condominium association must have four things. Not knowing, or just guessing, the answers to these three questions can leave gaping holes in coverage. The unit owner, the association, or both may be vastly underinsured. This part of the session allows agents to crack the condominium conundrum, allowing them to figure out how to properly write coverage for the unit owner AND/OR the association.
Christopher Boggs, CPCU, ARM, ALCM, LPCS, AAI, APAExecutive Director Risk Management
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