What to know? Questions every condo owner should ask

Every condo owner should know the condition of their building and any vulnerabilities that could lead to costly repairs or compromise the structure’s integrity if not properly maintained. This resource, compiled by the Insurance Institute for Business & Home Safety (IBHS) and used by the Institute for Catastrophic Loss Reduction under permission, is designed to guide owners and associations through conversations with maintenance staff and structural engineers. By asking the right questions, residents can have peace of mind with an improved understanding of the property’s overall condition, plan for upcoming maintenance needs and know when to take critical actions.