V.S. from New Haven County writes:
Dear Mister Condo,
My condo manager will not give me a copy of the condo insurance master policy. How can I get a copy?
Mister Condo replies:
V.S., have you asked a Board Member for a copy of the master insurance policy? They may be willing to show you a copy of the policy. Generally speaking, the condo Master Insurance Policy is kept in a safe place (like the manager’s office) since it is such an important item for the association. As a rule, unit owners are not provided copies of the association’s Master Policy. I am not aware of any law that allows for the individual unit owner to inspect the policy or requires the association to provide a copy. I imagine that the reason for this is that your by-laws should clearly detail what protections must be provided by the association’s Master Policy and require that the association keep such coverage in place. If the association was to underinsure or not insure according to those provisions and you needed to put in a claim against the policy, you would have the legal right to bring suit against the association for default under their covenant to all unit owner to provide required insurance.
If you still require a copy of the Master Policy, I might suggest contacting your association’s insurer. The insurer routinely provides copies of the insurance coverage page of the Master Policy to lenders and others who require that this coverage is in place before they will conduct business with the association. This document will detail the amounts of coverage in place and important items like deductibles and dollar amounts of coverage and limitations. Also, if you have purchased a homeowner’s policy, known as HO-6 here in Connecticut, your insurer has likely received a copy of this information and sold you your policy based on the coverage provided by the association. The idea is that the HO-6 policy, combined with the association Master Insurance, has you fully covered, less any deductibles, for likely losses that may occur in your unit.
Of course, if you don’t already have HO-6, I strongly recommend it. Many condo by-laws require that individual unit owners carry HO-6 coverage, and for good reason. It protects you and it protects your association. I wish you happy coverage and no losses. All the best!