Sentences with phrase «condo owner carries»

Not exact matches

Condominium policy covers unit owners for their personal possessions and liability separate from the insurance the condo association carries.

Most Canadians carry typical home / tenants / condo unit owner's policies providing coverage for their physical assets (fire, water damage, etc) and liability coverage against third party claims such as a slip & fall on one's premises / property.

If you move into a nursing home, you may be asked to purchase liability insurance in the same way tenants are asked to purchase renters insurance, or condo owners may be required to carry liability insurance.

If you rent a condo or apartment, your personal belongings are not covered by whatever insurance coverage the property owner may carry.

You aren't required to carry insurance for common areas or the outside of the building, but your condo owners» association may have special requirements, so it's a good idea to review those.

As a condo owner, you are responsible for carrying insurance that protects you and your assets from many of the same potential risks as a homeowner — theft or damage to your personal belongings, personal liability in the case that someone is injured on your property, and liability coverage for extras you may have added to your condo unit, such as specialized lighting or attached furnishings.

Typically, a condo owner purchases an H - 06 policy for possessions and personal liability, and the condominium association carries insurance for the building exterior and common areas.

Single - family, detached homes typically carry higher price tags than townhouses and condos, depending highly on location, and have higher home maintenance costs, but house owners have all of the say in what get fixed when and how much they are willing to spend.

At the same time, though, if your buyer has more equity in more valuable real estate — an expensive condo at the beach, for example — that property should be used as collateral, suggests Bill Broadbent, co-author of the self - published book «Owner Will Carry: How to Take Back a Note or Mortgage Without Being Taken» ($ 38.40 including shipping, 800-542-2270).