the condo association HAS to cover a naster policy for the common structure and the indovidual owners insure the shetrock in. As well the master policy covers the liability for the common areas. get it now as a fire could wipe you out financially.

The president of the association says that by law he only has to carry liability. I don't have a problem getting my own policy but if something happens and the building is destroyed and I'm the only one with coverage what happens. Besides, how do I get a policy to cover structure for 1/8 (8 unit condo) of a building and in the case of disaster
will that policy even pay out?

Your association had better get a master policy in effect quickly. There are severe liability issues here. Was there a policy in place that lapsed? Your by-laws should make it mandatory for your association to have this policy. It should be a line item in your annual project as a projected expense. As an association member, you can make a written requested to your board to review association financials.

Hope this helps.