[profdan_h]

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Hi wgustafson,

It varies from one management company to another. You might benefit from hiring a lawyer to interpret the management contract and determine what the exact responsibilities of the company are. Moving forward, if you renew the contract or hire another company, it is good to clarify this portion of the contract.

Although some people use homeowner insurance to describe condo insurance as well, they are not the same.

Hope this helps.

[wgustafson]

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Thank you, yes it does confirm our thinking on the matter. The troublesome detail is that for nearly two decades they and their predecessor company (acquired by them) had screened insurance declarations to be sure they were HO-3, then at some point stopped doing so without notice. I’m sure they want to avoid liability for a mistake (don’t we all), but that’s why Errors & Omissions insurance policies are written, it seems to us.

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