It does not cover the contents of your condo, its upgrades and 3rd party liability should you cause
damage to other condo units (e.g. via flooding).
It does not cover the contents of your condo, its upgrades and 3rd party liability should you cause
damage to other condo units (i.e. via flooding).
It does not cover the contents of your condo, its upgrades and 3rd party liability should you cause
damage to other condo units (e.g. via flooding).
Not exact matches
A recent poll by Allstate Insurance Company of Canada and Abacus Data found that 61 % of Canadian
condo owners either don't know or incorrectly assume that if a flood or a fire starts in their unit, the building's insurance will cover the
damages to other units.
Condo insurance, also known as HO - 6 insurance, is designed
to protect a
condo owner from
damages and loss due
to burglary, fire or
other incidents, as well as personal liability in the event that someone is injured within your home.
Your
condo association's master policy or the landlord's insurance policy may pay
to repair or replace the siding and windows that were
damaged, while your insurance company may reimburse you the cost it takes
to replace your bed frame, mattress and any
other personal belongings
damaged in the fire.
On a separate note, accidental fires have the potential
to lead
to extremely high liability costs for those who live in
condos, townhouses or
other close living situations where a fire in their home can
damage neighboring property.
Furthermore, if you live in an apartment, loft,
condo, senior citizen home or any
other complex, you need
to be prepared for any accidental fire, smoke or water
damage that the
other tenants may cause.
Your
condo association's master policy, or HOA policy, will cover
damage to your
condo building, grounds and
other external features.
If you rent your apartment or
condo in Baldwin, CA, you need
to be insured
to help you replace items that are lost or
damaged in the event of a fire, flood, tornado, theft, or any
other disaster.
If your
condo is affected by tornado, storm, fire, or wind, you can get compensation for repairs or replacements for your
damaged windows, walls, appliances, electronics, clothing, and
other property, up
to the limits of your coverage.
Condo protection in Ohio, on the
other hand, tends
to be a little different as when you have bought an apartment,
condo or
other unit structure, you are part of a
condo association that pays for some of the
damage.
When you find yourself in the situation that someone else has caused great
damage to your belongings in your
condo or
other rental property, or they have taken them away from you, your Denton renters insurance can be quite advantageous.
Several years ago, Gene Stevens and
other condo owners of the Cricket Club Condominiums sued the Cricket Club Board of Directors for breach of fiduciary duty, seeking compensatory
damages from the Board because the
condo owners alleged that
Condo Board of Directors spent special assessment money on things outside of those described in the Notice of Special Assessment that was sent
to the
condo unit owners.