Question:
What happens if your Condo Association becomes uninsurable due to past insurance claims? Does the State of Wisconsin have a insurance program that can be implemented to assist the association? If not, who can help the association?
Several insurance brokers have been contacted with no positive news as of yet.
– Chris
Answer:
Hi Chris,
To our knowledge, there may not be any state assistance programs in Wisconsin for condo associations that are uninsurable. Kindly consult with insurance specialists and brokers to see if you can work out a solution. You may also try contacting the Wisconsin Office of the Commissioner of Insurance (OCI) for general guidance regarding insurance. For further guidance, kindly consult an HOA management company or attorney with more knowledge on the subject.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
