How does this protect unit owners? What is "boiler and machinery insurance" or "equipment breakdown coverage" for a condo association?

Condo insurance typically includes a few standard coverages to help protect you, your condo unit and your belongings. Common areas of the building that you share with your neighbors like parking areas, lobbies, stairways or elevators are generally covered by the condo ... What types of insurance coverage is there for a condominium? ​ ... ​The master policy provides coverage for the structures and common areas against risks of ... May 19, 2022 ... The most common condo insurance policy is often referred to as HO-6. This policy will usually cover: Mar 31, 2024 ... Policies for corporations typically cover the exterior of the building, the inner workings (like elevators and HVAC) and common or shared areas ... It covers your home for all risks of physical loss, except those that are specifically excluded in the policy, such as flood, earthquake, war, nuclear accident, ... 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 ... ... policy which offers additional coverages to provide the equivalent of comprehensive homeowners insurance. ... Do I need a FAIR Plan Policy? If you cannot ... What does condo insurance cover? · The interior of your condo. This coverage protects your insurance responsibility for your unit, including walls, floors, ... Jan 16, 2017 ... A condo policy will generally cover interior structures, such as cabinets, flooring and countertops within your unit's surrounding walls, but ...