GUIDETOBETTER UNDERSTANDCONDO ASSOCIATION INSURANCE
Numerous people find condominium living ideal This is because they can relish the gains of ownership with the ability to count on a condo association to maintain everything beyond their home- that even includes insurance.
Most homeowners’ associations are accountable for procuring master insurance that covers the Condominium at large. While this sounds straightforward, there is usually chaos around where condo association insurance Labelle ends and the unit owner’s condo insurance starts. In this feature, we will break it down for you to better understand
WHATISCOVERED INACONDO’S MASTERINSURANCE POLICY?
Just like any structure, condos are also vulnerable to property damage from events such as storms, rains, fires, theft, and vandalism. A standard condo association insurance policy, also recognized as master insurance, offers property damage and liability coverage for
the structure, the common areas, and the grounds.
STRUCTURE
The association will cover the condo unit's structure up to the drywall with coverage for bare walls. This encloses the exterior, frame, roofing, wiring, insulation, and drywall as well.
COMMON AREAS:
The Condominium association Insurance LaBelle policy covers the harm caused to shared spaces such as hallways, exercise establishments, halls, pools, outdoor gathering areas & parks, event spaces, elevators, parking, garages, walkways, and general landscape also.
863-588-7336 10 Bridge Street, LaBelle, FL 33935 www.johnperryinsurance.com CONNECT WITHUS We hope you found this feature useful. You may now differentiate what Condo Association Insurance Labelle and individual insurance cover. Before seeking coverage, you have to know the difference so that you know what you can expect and what not to expect.
