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Risk Management by Owners
Author:
Trish Kaplan
Publication date:
December 20, 2022
Article Summary:
The article emphasizes the importance of risk management for condominium owners and provides practical tips to safeguard their assets. It highlights the significance of obtaining appropriate homeowners' condo insurance, as the corporation's policy does not cover personal property, improvements, or personal liability. The article also offers cautions for owners going on vacation, the responsibilities of owners who lease their units, and the need to be vigilant about water damage prevention. Additionally, the article touches upon fire safety, liability precautions, and natural gas safety, including measures to prevent gas leaks and maintain natural gas appliances.
Keywords:
Condominium owners, risk management, condominium insurance, homeowners' condo insurance, vacation cautions, leasing responsibilities, water damage, fire safety, liability precautions, natural gas safety, gas leaks, maintenance, insurance claims.
Source Citation:
Trish Kaplan
Risk Management by Owners
December 20, 2022
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