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Condo Association Master Insurance – Recommended Coverage - Boston, MA
Condo Association Master Insurance – Recommended Coverage - Boston, MA   
In the following blog we are going to provide you a list of Recommended Coverage for a Condo Association Master Insurance Policy. Throughout our 60 years of experience our company, Albert J Marchionne Insurance Agency Inc, has developed a set of recommended coverage for a master insurance policy for condominium associations.
 
Since each condo association is unique in it's own way, we will have a slightly different set of recommended coverages. Let’s get started with the basic coverage that all associations should purchase. Condo association master insurance includes building coverage and general liability coverage.
 
Building Coverage - provides protection for the condo association's building against certain causes of loss (examples - fire or wind) (NOT earthquake or flood)
 
 
General Liability - Provides financial protection for your association if it (or a member of it) is the cause of property damage or bodily injury on the premises. A prime example is a person slips and falls on your property, gets injured, and sues the condominium association.  
      
 
 
Below is an additional coverage hit list that is not included in your standard master insurance policy, but may be recommended for your condo association: 
- Earthquake Coverage
-Flood Coverage
-Directors & Officers Coverage 
-Water Damage & Backup of Sewers and ... more

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