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Condominium insurance order in Bowling Green
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Condominium insurance

Condominium insurance

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USA, Bowling Green
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Description
Condominium or cooperative unit owners own only the inside of their units. The outside of their units are owned by the condominium association or the cooperative. All insurance-related issues must be evaluated based on the condominium or cooperative bylaws. The bylaws define ownership, and this determines the required amount of property insurance. It also determines the unit-owner's liability exposure. This type of shared ownership is expanding to include "landominiums" where the structures are entirely owned by the unit owners but all land is owned and maintained by the association. There are also "dockominiums" where the vessels are owned by the unit owners but the docks and piers are under association ownership.
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Condominium insurance
Condominium insurance
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