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The definitions contained herein are for general information only and are not
designed for use in connection with the interpretation of any insurance policy
or annuity policy issued through Insurance Answer Center.
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Home Insurance Glossary Terms 4 A B C D E F H I J L M N O P Q R S T U V W |
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Condominium association |
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The association of individual unit owners in a condominium building. The association owns and manages the common areas of a building. Typically, unit owners pay monthly dues to the association, which fund improvements and maintenance to the building's commonly owned areas, such as the roof, lobby area, backyard and garage. The association functions under bylaws drawn up by the unit owners. |
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| Answer Financial(R) Inc. offers insurance products and services through its licensed affiliates Insurance Answer Center(R) Inc. (California License No. 0B99714), Answer Center Insurance Agency, Inc., and other affiliates. Answer Financial is not an insurance company. Insurance plans and services are from insurance companies and other licensed insurance-related providers. Not all products available in all states. Rates subject to change. |
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