Condominium Owners

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Insurance Policy Coverage

Condominium Insurance Solutions
2015

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Unit Owners Coverages

***A-1 Unit***

Protects your unit
This also includes building fixtures, fittings, frescoes, plate glass and permanently installed outdoor equipment
This coverage fills in the difference between the Condo Corporation Insurance and yours.
When  the Condo corps insurance is inadequate or not effective

***A-2 Loss Assessment Contingent***

Protects collectively owned property
-If the assessment is valid under the Condominium Corps governing rules
-Direct loss to the collectively owned property caused by an insured peril.
If the coverage of the Condo Corp is inadequate to cover COLLECTIVELY OWNED PROPOERTY

***A-3 Units Improvements and Betterments***

Will insure unit improvements and betterments made or acquired by
you. Coverage includes any structure on the condominium property
that is owned by you or available for your exclusive use and which you
are required to insure, as well as all items of real property that are part
of your unit as defined in the Condominium Declaration.

 ***Loss Assessment liability***

Condo Corps Liability policy is either inadequate or exhausted.
This coverage fills in the difference between the Condo Corporation Insurance and yours

Therefore any losses covered by the Condo Corps coverage will be deducted.

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