Many condominium owners do not understand exactly what kind of insurance they need for their condo. They also do not know the difference between the insurance they obtain and what the condo association obtains.
Recently, Mag Mile Law Partner Mario Iveljic offered some insight on what condominium insurance is, what it covers, and how it differs from the insurance that the condominium association obtains. Read the entire article at Business Insider here. Understanding what each policy covers, what they don’t cover, and how each differs is critical if you consider filing an insurance claim relating to something inside your condo or the condominium building.
If you are a homeowner who has questions about your insurance policy or about filing an insurance claim, our Insurance Contract litigation team at Mag Mile law is here to help. We work on a contingency basis, so you don’t pay us anything until and unless we win your claim. Contact us by emailing in**@********aw.com or calling us at (708) 576-1624 for a free consultation.