Q: Is the name of the Association the same as the management company?
A: No, a management company usually handles many Associations. You need the name of the specific Association where the unit is located.

Q: What should I do if I don’t see my association in the list?
A: Enter any word of the Association name and the system will show available matches.

Q: What if I do not know the full name of the Condominium Association?
A: You will not be able to prepare a Certificate without finding the Association name.

Q: Can I find out the name of the Condominium Association by the address of the unit?
A: No, You may only find it by the Association name and not by location.

Q: Who is the Certificate Holder?
A: If there is a mortgage lender, the Certificate Holder is the lender. If it is a cash transaction, the purchaser is the Certificate Holder.

Q: Is there coverage on the building?
A: The Certificate will indicate if and what type of coverage is provided on the building. For example - Building Guaranteed” indicates that the building is covered.
"No Coverage on Habitational Buildings" means there is no building coverage. The coverage is liability only on the common areas.

Q: What is the amount of insurance?
A: Unless there is an amount shown for the building, there is no specific amount of insurance. The coverage is Guaranteed Replacement Cost.
The insurance company will replace the building with material of like kind and quality for whatever it costs to do so at the time of the loss.

Q: What is the mortgage clause?
A: This is simply how the lender wants their name and address to appear on the certificate.

Q: Do I need a loan number to prepare the Certificate?
A: No, a loan number is not required to issues a certificate. It could be added if necessary.

Q: What is the Fidelity and Employee Dishonesty Coverage?
A: Fidelity is the same as Employee Dishonesty coverage are the same - The amount of insurance varies by Association.

Q: Which certificate should I chose (25 or 24).
A: That depends on the purpose. For general HOA coverage, chose 25. For a unit cert, chose 24.

Q: Is there a charge for obtaining a Certificate of Insurance?
A: No. This is a free service provided by the Insurance Agency managing the coverage.