Why is Covenant and By-laws of Condo association required for Insurance ?

[Srinath Gopinathan]

Hello Everyone,

I am trying to buy a Condo (2 bedroom 1 bath). The insurer is requires paperwork on Covenant and Condo by-laws.

What is Covenant and By-laws of Condo association and why is it required for Insurance ?

[Randall Alan]

@Srinath Gopinathan

I don't have an exact answer for you - but would guess that it is because the the covenants and bylaws spell out what the separations are between what the HOA is responsible for, as well as what the condo owner is responsible for. So think about a roof leak in your condo. It is likely the HOA is responsible just for fixing the roof - not damage to your unit itself. So any damage to your unit is YOUR / your insurance company's responsibility. The insurance company wants to understand the limit of their liability and those documents spell out what the HOA says they will pay for and what they will not. It probably helps them price out their policy to you so that they make sure you have the right coverages in place.

All the best!

Randy