Understanding Association Insurance and the Recent Changes to Insurance Requirements
Insurance is a necessity. Understanding it is, too! Guest presenter Cindy Fitts of CISA Insurance will help you understand the basics related to insurance policies and coverages. We will also discuss changes to the insurance requirements in the Illinois Condominium Property Act, which are effective as of June 1, 2015. Topics will include:
- Basic insurance terms
- Is your building properly insured? How do you know?
- What other coverages should your association have?
- Are you compliant with the June 1, 2015 Condo Act requirements
- Who is obligated to make sure proper coverage is in place?
