Category: Condo
- Categories: Condo
Owning a condominium unit comes with unique types of insurance needs that differ from the traditional homeowners insurance coverage. While the building itself and shared spaces are typically insured through the master insurance policy of the condominium association, individual owners are still responsible for protecting their individual unit and personal belongings. This is where a … <a title="Understanding Condo-Owners or HO-6 Insurance Policies: What Owners in Condominium Associations Need to...
- Categories: Condo
When it comes to condominium insurance, understanding who is responsible for what isn’t guesswork, it’s a legal obligation. For associations, the foundation of that understanding lies in one key document, your Association’s Declaration. At American Heritage Insurance Group, the “Declaration-First” Audit Process begins by reviewing this governing document before discussing policies or pricing, because the … <a title="Navigating Condo Insurance: Why the “Declaration” is Your Association’s Roadmap" class="read-more" href="https://americanheritageins.com/navigating-condo-insurance-why-the-declaration-is-your-associations-roadmap/" aria-label="Read...
- Categories: American Heritage, Condo
The Essential Information You Need to Buy the Best Condo Insurance Do you own a condominium (condo) or co-operative apartment (co-op) or are you thinking of buying one? Insurance for co-ops and condos is a lot more complicated than homeowner insurance. A lot of people invest in condos without understanding the full implication of their responsibility, or they … <a title="Understanding Condo Insurance and Co-op Insurance" class="read-more" href="https://americanheritageins.com/understanding-condo-insurance-and-co-op-insurance/" aria-label="Read more...
- Categories: American Heritage, Condo
Q: You recently wrote a column about condominium building’s reserve funds. You failed to mention that condo special assessments are an insurable risk. I just increased my coverage from a limit of $1,000 to $50,000 for an extra $10 per year. You should mention this to your readers. A: Thanks for bringing this up. You are … <a title="Your homeowners policy may address your condo special assessment. But don’t expect...
- Categories: American Heritage, Condo
Because co-op and condominium owners share their building structures, two policies—a master policy and an individual policy—are required to fully protect all parties involved. Learn more about insuring a co-op or condo. If you are purchasing a condo or co-op, the bank will require insurance to protect its investment in your home, and your co-op … <a title="Insuring a co-op or condo" class="read-more" href="https://americanheritageins.com/insuring-a-co-op-or-condo/" aria-label="Read more about Insuring a co-op...
- Categories: American Heritage, Condo
While condominium units belong completely to their owners from their unit walls inward, their exteriors are usually communally owned. Condominium communities feature joint ownership of building exteriors, roads and other common areas by all unit owner-members of those communities. Because condo units share aspects of their legal ownership with other parties, their insurance requirements differ … <a title="Insurance Facts for Condo Owners" class="read-more" href="https://americanheritageins.com/insurance-facts-for-condo-owners/" aria-label="Read more about Insurance Facts for...
- Categories: American Heritage, Condo
If you own a condominium, co-op, or townhouse unit, you may need to buy a condo insurance policy. Much like homeowners insurance, condo insurance can protect your dwelling, furniture, clothing, and valuables in the event of a covered peril or hazard. It can also protect your assets from liability claims and pay for temporary housing … Read...
- Categories: American Heritage, Condo, Renters
Moving in is an exciting time! You finally have a space of your own and with it new freedom and responsibilities. But there’s a lot to think about during this time. You have to consider your budget, which belongings will come with you to your new place, and what you’ll need to buy for your … <a title="Moving in to your first apartment? Don’t forget to pack insurance!" class="read-more" href="https://americanheritageins.com/moving-in-to-your-first-apartment-dont-forget-to-pack-insurance/"...
- Categories: American Heritage, Condo, Home, Pets, Renters, Small Business
Many people with disabilities use a service animal in order to fully participate in everyday life. Dogs can be trained to perform many important tasks to assist people with disabilities, such as providing stability for a person who has trouble walking, picking up items for a person who uses a wheelchair, preventing a child with … <a title="Service Animals, Emotional Support Animals and Your Business" class="read-more" href="https://americanheritageins.com/service-animals-emotional-support-animals-and-your-business/" aria-label="Read more about...
- Categories: American Heritage, Condo
Condo insurance, also known as an HO6 insurance policy, provides condo unit owners coverage for their properties, protects against liability claims and helps cover costs if the unit is uninhabitable. A condominium insurance policy is often called walls-in coverage, as it protects the individual unit, whereas your condo association’s master policy generally covers all common … <a title="What is Condo (HO6) Insurance and What Does it Cover?" class="read-more" href="https://americanheritageins.com/what-is-condo-ho6-insurance-and-what-does-it-cover/" aria-label="Read...