Personal property (except property that is specifically excluded) is covered anywhere in the world. For example, suppose that while traveling, you purchased a dresser and you want to ship ...
The standard insurance policy does not pay for direct damages caused by earth movement. “Earth movement” is a much broader term than “earthquake”. It includes earthquakes, volcanic activity, and ...
When you apply for an insurance policy, you’ll be asked a number of questions. Among other things, the agent might ask you your name, age, gender, and address. You’ll ...
By using an agent to purchase insurance, the policy holder receives more personal service. An agent with whom there is direct contact can be vital when purchasing a product ...
Generally, yes. The Colorado Common Interest Ownership Act (CCIOA, C.R.S. 38-33.3-313) requires associations created on or after July 1, 1992 to maintain property insurance on the common elements and commercial ...
These terms describe how much of the physical structure the HOA's master property policy covers — and directly impact what individual homeowners need in their own HO-6 policies: Bare ...
HOA and condominium insurance in Colorado has been driven up by hail and windstorm losses, wildfire risk, construction cost inflation that has pushed replacement values higher, and the rising cost ...
A lapsed or cancelled HOA master policy triggers serious consequences on multiple fronts: Lender requirements: Mortgages on units in your community typically require HOA coverage. Lenders can force-place coverage ...
Yes — and this is one of the most important coverages an HOA board can carry. HOA board members are volunteers making binding decisions on behalf of all homeowners. ...
Underinsurance is the most common problem we find when reviewing HOA policies, and it is usually invisible until a major claim. Warning signs include a replacement cost valuation that hasn't ...
