Housing
Condominium managers call for mandatory multi-risk insurance
Condominium managers are advocating for multi-risk property insurance to become mandatory by law. Currently, this insurance is only required by banks as a condition for granting mortgage loans, with 3.64 million policies active in 2024.
Why it matters
If you are a homeowner, currently you only need this insurance if your bank requires it for a mortgage; if this proposal becomes law, it will become a mandatory cost for all property owners.ExpressoRead original ↗
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