northvistor
Junior Member
What is the name of your state? Michigan
I am curious to what, if any are the individual home owners obligated to pay for a settlement/or awarded judgement up and over the association policy. For example, if an association had a liability insurace coverage for $1 million, and the settlement was $2 million, would the individual homeowners within the association be obligated to cover the difference?
I am curious to what, if any are the individual home owners obligated to pay for a settlement/or awarded judgement up and over the association policy. For example, if an association had a liability insurace coverage for $1 million, and the settlement was $2 million, would the individual homeowners within the association be obligated to cover the difference?