"There is enough money in the Marco Polo association’s $163 million current building coverage to pay for fixing all the damage, including asbestos remediation.

After the fire, First Insurance renewed the Marco Polo’s policy Aug. 31 at a 19.5 percent increase."
"Lawsuits are also expected against the association for negligence in failing to install up-to-date fire alarms.

Marco Polo’s liability coverage for its officers and directors is $2 million for each incident, with an umbrella policy of $25 million to cover additional liability exposure."

But when condo owners sue the association, it’s like suing themselves.