If you are in the process of buying a condo or have recently purchased one in Kansas, you may see that an HOA or condo association states that you have to have condo insurance. They may then recommend or suggest companies that you should purchase the insurance through.
This may leave you wondering if the HOA can require you to carry condo insurance and if they can require you to carry it through a specific company. Read along as Midwest Professional Insurance answers these questions.
Can Your Condo HOA Require You To Carry Condo Insurance?
Your condo HOA can require you to carry condo insurance. The condo association has a vested interest in keeping your property maintained and cared for since the condo is inside a building they are responsible for. Additionally, if your condo is being financed, the financial company may also require you to carry condo insurance.
Can Your Condo HOA Require You To Carry Condo Insurance With a Specific Company?
While a condo association and financial institution can require you to carry condo insurance, and can even require you to have a specific coverage amount, they cannot require you to purchase that insurance from a specific company. They can recommend companies, but you always have the ability to select your own condo insurance policies as long as it meets the basic requirements set forth by the condo HOA or financial institution.
Give Us A Call
Your condo HOA or condo association can require you to carry condo insurance, but they cannot force you to buy it from a specific insurance company. You have a choice of what company you want to purchase it from. If you are looking to purchase condo insurance in Kansas, Midwest Professional Insurance would love to help you. Call us today to get started.
