Condo owner required to present proof of insurance

Common practice and very reasonable. Why would you not want your home insured for damages?

It is, but a $2mm umbrella policy is very expensive. I've never heard of a building requiring that before.

The Umbrella policies is on top of the home owner policy and are inexpensive to purchase. Without knowing the facts the coverage required seems on the high side

Just remember an umbrella policy covers not just your home but provides liability coverage for other things that you can be sued for. If you have any substantial assets, you'd want to protect them. I have an umbrella that covers two homes, additional auto liability, etc. It's well worth the money

I am an Allstate Insurance Agent and would be happy to talk with you about this. No obligation. Give me A call anytime, 201218s824 cell or 2129280100 office. -jerry Christal