It adds an extra layer of liability coverage to your car, watercraft (if you have one) and
your condominium unit owners policy.
If this is the case then you do have a consideration within
a condominium unit owner policy to pay for assessments such as the deductible.
Not exact matches
For instance, if a building is
owner occupied single family detached building and individual
condominium unit which is insured under the dwelling
policy form, you will be surcharged $ 25.
In arguing for tax equity for rentals and tenants it is important to note that, Ottawa dramatically favours homeowners over tenants in tax
policy because
owners are exempt from capital gains taxes, people can often buy a
condominium and make payments $ 200 lower than rent for a similar
unit.
The
policy of this type provides personal property coverage, personal liability for residents and guests of the policyholder and specific coverage of improvements to the
owner's
condominium unit.
This coverage is designed for
condominium unit -
owners willing to insure items not covered by the association
policy.
HO - 6
policies, designed for co-op and
condominium owners, cover liability, belongings and improvements to the
owner's
unit.
HO - 6 (Homeowners
condominium policy): protects
condominium unit owners against the perils listed in HO - 2, personal liability, and medical payments coverage.
Finally, special insurance
policies are available for
condominium unit owners.
Many
condominiums have «no pet»
policies or pet restrictions that limit pets to a certain weight limit, or limit
unit owners or the number of pets they may have in their home.
The waiver is being granted to allow
owners in these projects to obtain individual insurance
policies for their
units as required by state or local
condominium laws and FHA requirements.