How is a unit owners policy different from a standard home insurance policy?
A unit owners policy is usually appropriate for the individual condominium/association unit owner when the association insures the physical structure. It is somewhat like a standard home insurance policy, with some differences.
How it’s similar
Coverage A, Building Property, protects your items of real property which are a part of your unit and your responsibility according to the governing rules of your Condominium/ Association.
Coverage L, Personal Liability, can help protect your assets in case you are legally responsible for property damage or injury to others.
How it’s different
The unit owners policy can help you meet certain obligations that arise from your shared responsibility within the Condominium/Association.
This content is only a general description of coverages and is not a statement of contract. All coverages are subject to the terms, provisions, exclusions and conditions in the policy itself and any endorsements.
