Can I abandon damaged property and expect my insurance company to pay for its full replacement cost?

Q. What kind of insurance do I need for a condominium? Condo insurance is similar to a renter or tenant policy. The policy covers contents that ... condo unit that is not otherwise covered by your condominium association's insurance policy. ... Your Policy Does Not Cover Losses Caused by. Fire and lightning. Jul 7, 2021 ... Condos are units in a multi-unit building. As such they require that you have insurance for your own personal condo as well as collective ... What does condo insurance cover? · Your belongings · Property Damage · Damage to someone else's property · Personal liability if there are medical bills and legal ... Apr 1, 2024 ... A condo owner's insurance policy, called an HO-6, covers most of what you own within your unit, generally speaking. What types of insurance coverage is there for a condominium? ​ ... ​The master policy provides coverage for the structures and common areas against risks of ... Jun 19, 2024 ... Homeowners insurance covers losses or damages to a dwelling and the belongings inside, as well as other structures on the property that are not attached to the ... What Does Condo Insurance Cover? · Personal possessions. Condo insurance covers damage, destruction or theft of your personal property. · Liability. This can pay ... What does condo insurance cover? · The interior of your condo. This coverage protects your insurance responsibility for your unit, including walls, floors, ... Condo insurance, one of several essential types of homeowners insurance, will generally cover sudden water damage events stemming from your unit.