CIG would assist customers with real world tips, videos and case studies, explaining the ins and outs of condo fire insurance
Quality Claims Management (QCM), a provider of hazard claim recovery services to investors, mortgage servicers, homeowners and businesses, has appended Condominium Insurance guide (CIG) section in its website. The section would assist customers with real world tips, videos and case studies, explaining the ins and outs of condo fire insurance.
CIG section explains what to look for and what kinds of insurance policies requirement, besides several informational videos, the company said.
Ron Reitz, President of QCM, said: “Many condo owners and residents are not properly insured against fire, theft or water damage to their condo or townhome. If a disaster strikes, will their condo’s insurance cover damage inside the condo or is that up to the resident? You need to know who covers what.”
QCM stated that most condo association master policies just cover the exteriors and common areas. If the condo owners suffer a loss, mostly it is because of underinsured or not insured.