Summary An insurance company can’t sue a condominium tenant in subrogation, even if they were negligent in starting a fire. The Facts The Declaration required the association to “obtain and maintain a … policy of all risk property insurance” for the association. The Declaration also required the policy to name as insureds the unit owners […]
Insurance Subrogation – Not Against A Condominium Tenant Read More »
Issue: If your association was destroyed by fire or some other hazard, and it did not make sense to rebuild, how would the funds be divided? Problem. Odds are that you don’t know the answer. The fact that you don’t know should scare you. Is every unit in your association worth the same amount? I
Facts In 2014, Kato purchased a unit at an association, thereby becoming a member of the association. Kato also joined the board and became its President/Treasurer. Later that year, Kato’s unit, and two other units in the association were destroyed by fire. The association collected the insurance proceeds from the loss, but decided not to
Former Association Member Can’t Sue for Breach of Fiduciary Duty Read More »
How much insurance should your HOA or condo carry? Are your directors and officers covered? What happens in the unlikely event of a disaster? Please join the Condominium and HOA Law Team and guest speakers Erica Joyce and Ryan Maloney, as they discuss critical insurance issues every board member, manager and unit owner needs to
Association Academy: Insurance – September 11, 2019 Read More »
Do you know for a FACT that your condominium association or HOA has all of the insurance the law requires you to have? Learn about the insurance coverage your condo or HOA should get in less than a minute. Want to learn more about Wisconsin condominium and HOA law from experienced condo and HOA attorneys?
Condo Association & HOA Insurance Coverage in Less Than 1 Minute Read More »
