condominium association News

South Carolina Jury Awards $890K to Man Wrongly Accused by Condo Board

A Clarendon County jury has awarded $890,000 in damages to a man after members of the governing board at his condominium wrongly identified him as a registered sex offender. James E. King thinks the situation stemmed from a dispute with …

Advanced E&S Group Adds Maintenance Interruption Coverage for HOAs

Managing underwriter Advanced E&S Group has launched a business income policy for community associations that includes maintenance interruption insurance designed to help condominium and homeowner associations reduce their exposure to loss of assessment income. As community associations prepare their budgets …

10 Things to Know About Condominiums

1. To adequately insure one’s condo apartment, it is important to review the condo association’s bylaws and proprietary lease to find out which structural parts of the condo units are covered by the association and which are not, the Insurance …