"It's a celebration when the deed and Homeowner's Association bylaws are signed and sealed, but fantasy becomes reality when your neighbor's water heater leaks and you have a mess, literally and figuratively," Patrick Kelahan, of H2M, writes. (Credit: Robert Herhold/stock.adobe.com)

Not many speak of this elephant in the insurance room, even though there are thousands of them: condominium policies. Often thought of as the renters policies grown-up brother, the condo (and also the co-op) policy is the requirement encountered when moving from renter to owner.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.