How does this interact with the condo association's master policy? What is "fair rental value" coverage?

Dec 27, 2022 ... The condo association will often have an insurance policy in place to cover the building's exterior and its common areas. You will still need to ... What it covers: HO-1 policies typically provide coverage only for damage or loss caused by 10 specifically named perils: Fire or lightning; Windstorm or hail ... Jan 24, 2025 ... Floods can happen anywhere — just one inch of floodwater can cause up to $25,000 in damage. Most homeowners insurance does not cover flood ... Mar 26, 2025 ... Dwelling coverage in your condo insurance helps you restore your condo to its original state following a covered loss. This coverage becomes ... What does condo insurance cover? · Personal property coverage — for your belongings, if they're damaged or stolen · Personal liability protection — for injuries ... What Condo Insurance Can Include · Property Coverage · Personal Possessions Coverage · Liability Coverage · Medical Payments to Others · Additional Living Expenses ... What does my homeowners insurance cover? · Property Coverage. Pays to repair or rebuild your home and other structures on your property if they're damaged. What is condo insurance and what does it cover? ... Condo insurance is coverage that helps protect against losses and repair costs for a condominium unit. Condo ... Typically, a condo policy covers structural items inside your condo unit such as paint, flooring, cabinets, crown molding, etc. When you remodel or upgrade your ... Condo Insurance FAQs ... What does condo insurance cover? Condo insurance typically covers: Damage to your belongings in your unit caused by fire or smoke, ...