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    What insurance obligations does a Management Entity have?

    Ali Faizan Syed1 min read0 viewsUpdated 1/2/2026
    A Management Entity is legally required to maintain an insurance policy that covers the maintenance and reconstruction of the jointly owned property in cases of fire or destruction. They must also insure the property against liability for damage and bodily injuries sustained by occupants or visitors. The insurance premiums are calculated based on the contracts with insurance companies and are included as part of the annual Service Charges paid by the owners. This ensures the community is financially protected against major disasters or legal claims.

    Related Topics:

    JOP Insurance
    Liability Coverage
    Service Charges
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