The condo Affiliation’s master policy, and Affiliation regulations, need to spell out Plainly which areas of the sophisticated are insured by means of Affiliation dues, and which pieces are not.
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Condo insurance policies usually address just what the condo association’s master policy doesn’t include. A condo Affiliation learn policy could be of two varieties:
Particular property: Aids switch belongings stolen or lost in a protected incident (like a fireplace). Your stuff may even be secured on the go.
It had been really annoying to possess a leak in my ceiling from the bathroom in the above mentioned condominium, Along with the ceiling buckling developing a hazard Along with the ceiling coming down.
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“In case the condo Affiliation demands significant operate or there is key harm to the composition, the condo association will tender the declare for their business insurance company and they would get lined for his or her reduction.â€
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