Money
Master insurance policy
The master policy is the HOA’s property or blanket insurance covering common areas and often the building shell in condos. It is not a substitute for an owner’s HO-6 or homeowners policy on interiors and belongings. Boards should review coverage limits yearly with their broker.
These definitions are for general education only. They are not legal, financial, or tax advice. HOA rules vary by community and location—confirm details against your governing documents and qualified professionals before you act.
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