CondoA condo unit owners policy is designed to provide insurance not covered by the master condo association policy. Condo coverage protects personal property damaged or destroyed by fire, lightning or other perils listed in your policy, less deductible. Similar to a homeowners policy, a condo policy also covers contents, loss of use and liability up to certain limits.Other condo coverages to consider include: a) coverage for building items such as additions, alterations or improvements to the condo; and b) loss assessment to cover any potential assessments to unit owners from their association due to a covered loss.
RentersA renters policy covers personal property damaged or destroyed by fire, lightning or other perils listed in your policy, less deductible. The apartment owners insurance will not cover the renters personal property, so it is important for renters to obtain enough coverage such that personal property can be replaced in the event of a covered loss. Similar to a homeowners policy, a renters policy also covers contents, loss of use and liability up to certain limits.
Any information contained in this site is general in nature and can not cover all circumstances or policies. For specific information, please refer to the actual policy or contact Foley & Palenscar Insurance Agency.
|
