Quick Tip – Planned Community Insurance
Associations subject to the Planned Community Act are required to maintain property insurance on the common elements and liability insurance. If the insurance is not available, the Association is required to give notice of that fact to all lot owners either by hand-delivery or by United States mail. N.C. Gen. Stat. § 47F-3-113.
Disclaimer:
The content in this blog is for informational purposes only and is not be intended to be legal advice. It is accurate as of the date of publication but may not reflect the most current legal developments. For legal advice specific to your situation, please consult with an attorney.
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