We want to move to “Bare Walls” coverage; what are our next steps?

Moving to “Bare Walls” requires careful coordination between your legal counsel and your insurance agent. The primary steps include:

1. Governing Document Audit: Ensure your Governing Documents align with a “Bare Walls” definition.

2. Membership Approval: Follow your association’s protocol for voting on insurance amendments.

3. Carrier Notification: Work with your agent to update the Master Policy and obtain a revised Certificate of Insurance.

4. Owner Education: Provide owners with a clear “Notice of Change” explaining that they are now responsible for insuring their unit’s interior (flooring, cabinets, etc.).