Consumption and Real Estate
Can you obtain the insurance policy on a condo association without going through the condo owner? (See detail)
Question : Can you obtain the insurance policy on a condo association without going through the condo owner? (See detail)
I currently am selling my condo unit to another buyer. The owener of the building, who is a real jerk, refuses to provide to my lawyers a copy of the condo associations insurance policy to show the new buyers lawer. He has actualyl gone as far as to request $ 1,000 to release this document. I have also heard I am not the only one in this building who has been extorted in some way. Is this a normal charge in condo sales? Are there any other means to obtain the insurance information without going through the bulding owner?
I currently am selling my condo unit to another buyer. The owner of the building, who is a real jerk, refuses to provide to my lawyers a copy of the condo associations insurance policy (which you are required to show to the new buyer). He has actually gone as far as to request $ 1,000 to release this document and he has boasted that I am not the only one in this building who has been extorted during the selling process. Is this a normal charge that occurrs during condo sales? Are there any other means to obtain the insurance information without going through the bulding owner?
condo insurance policy
Best answer:
Answer by Rebecca
Do your homework and sue the freak.
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#2 written by Z_Berg 1 year ago
Is there a homeowners association? Are you paying for part of the premium on the insurance (probably part of your maintenance fee)? Do you know which agent the policy is with? If so I would call them up and say that you need proof of insurance on the building that you are in and ask them to fax you a certificate. While it’s not the same as a copy of the actual policy the certificate will show that the building’s covered and what the liability limits are if someone gets hurt in a common area and sues the association.
If you don’t know the agent you might have someone from your bank call the building owner and say that they need to get information to update their records and then ask who the agent is.
Hope this helps!
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he doesnt have to show you anything, technically. you might be able to get a certificate of insurance from his agent though..thats not an unusual request. the contract is privy only to the named insured and the insurance company..nobody else.