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  • Condominium Insurance Law

Condominium Association Board Members and Property Managers Must Obtain Flood Insurance If It is Ava

Many state statutes and condominium bylaws require the purchase of reasonably available property insurance which covers all direct physical risks of loss on an extended and replacement cost basis. One issue I have heard associations and their insurance agents ask: “Is flood insurance reasonably available” so that it has to be insured.

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