921 Main Street,
Property coverage covers the buildings and business personal property of the association. It is vital that the property of the association is insured for the amounts that it would take to replace in the event of a total or partial loss.
Property coverage limits are based on the value of the buildings. The buildings can be insured at:
The replacement value can be ascertained by the Board and agent both reviewing the association’s governing documents for clear guidance on the areas of insurance responsibility for the unit owners and the association. Your agent should have replacement cost valuation tools to assist in coming up with a proper valuation for your association.
*Note: there may be other items which should be included for your association.
Contact McDaniel Insurance, your community association insurance specialist, to provide your Kentucky condo association with the customized, comprehensive coverage it deserves. Call 502.909.0920 or email Deanna@McDanielins.com