Navigating rentals in a condo association is already hard enough; adding insurance can be maddening. Yet, condo rental insurance is a significant asset every condo rental owner should get.
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Condo association goodwill is an intangible but crucial part of keeping a managed community together. HOA goodwill is not simple to measure, yet it's something that you can instantly see as soon as you spend time in a community. Let's look at a few different things you can try to spread goodwill in community associations.
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While both homeowners insurance and HOA insurance offer protection, they are not the same. The critical difference between these two types of insurance is what they cover. Homeowner insurance typically applies to the property and personal belongings of the homeowner, whereas HOA insurance applies to the property and liability of the homeowners association.
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The Community Associations Institute (CAI) and the CAI Florida Legislative Alliance (CAI-FLA) are proud to work with Florida legislators to ensure condominium safety and the financial stability of building projects. CAI claims, "protecting the millions of residents living in condominiums and other high-rise communities is the top priority."
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