Condominiums: The Unique Insurance Challenges

Course Description
This course provides an understanding of condominiums: the nature of their ownership, the relationships among the parties involved, and the various ways of ensuring that owner interests are properly protected with property and liability insurance, as well as the unique insurance challenges this form of property presents.

The course describes the distinctive characteristics of property insurance  and liability insurance for the condominium association, highlighting the key features and optional endorsements that distinguish the condominium association coverage form from the building and personal property coverage form used to insure other types of commercial property. The course then discusses property and liability insurance for condominium unit owners. A number of issues are involved in coordinating coverage between a condominium association and the dozens or even hundreds of individual condominium unit owners in a given complex, each of whom has their own insurance; the final chapter deals with coverage coordination and other considerations.

Course Objectives
The course includes the following chapters:

  • Overview of Condominiums and Community Ownership
  • Condo Association Property Coverage
  • Condo Association Liability and Crime Coverage
  • Insuring Unit Owners
  • Coverage Coordination and Other Considerations  
International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference services. IRMI publications are considered the ultimate authority by leading insurance practitioners and even federal appellate courts when interpreting insurance coverage. Use the knowledge you gain from IRMI CE courses with confidence, knowing they are written by seasoned insurance professionals who employ diligent quality assurance standards to provide the most up-to-date, practical, and reliable information possible.
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