Many condo owners consider purchasing special assessment insurance, also known as loss assessment coverage, to help mitigate the financial impact of these assessments. This coverage kicks in when your ...

Q: Our condo is raising our monthly assessments again, this time claiming that the building’s insurance went up. Since our building has insurance, we are not sure why we need to have our own policy ...

Q: I live in a highrise condo building. Recently, a sewer pipe burst outside my condo between units. The water caused a substantial amount of water damage to my kitchen and the floors in my unit. The ...