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What Does Condo Association Insurance Policy Cover

What Does Condo Association Insurance Policy Cover? – Complete Information

Condos require low maintenance and are typically more affordable than single-family houses. That’s why purchasing a condo has become a lifestyle choice. However, ensuring security and safeguarding the common areas and shared elements of the condo community against unforeseen events is one first thing that needs to be taken care of. But buying a condo association (HOA) insurance is a complex task that involves research and analysis before making the final decision. Also known as an HOA Master Policy (Homeowners Association), a condominium association insurance policy provides coverage for the shared property and......