Duct Tape and Deductibles: The Difference Between Maintenance and Insurance

In many instances, especially with condominium and townhome communities, building components are maintained by owners, but insured by associations (or vice versa). But what does this mean in reality and how does it play out? What happens if a unit drywall cracks but the owner insists it is the association’s obligation to repair because the association insures this component? How do you know when the association should be submitting a claim or telling the owner to fix it him/herself? These are the exact issues we will be discussing during this presentation, and recommend you attend if you have a community with mix-n-match insurance/maintenance obligations.