- Condo Law Watch -
https://www.condolawwatch.com
-
Condo Briefs: Insurance Requirements
Posted By
Tressler LLP
On
March 2, 2014 @ 8:43 pm
In Condominium Associations,Insurance Issues |
No Comments
Condominium Associations should maintain five types of insurance per the Illinois Condominium Property Act:
Property Insurance
General Liability Insurance
Fidelity Bond or Employee Dishonesty Coverage
Directors and Officers Liability Coverage
Any separate coverage required by the Association’s declaration