What are the coverage limits for indemnity? What is "reservation of rights" letter from an insurance company?

Nov 29, 2024 ... Yes, a condo owner's individual HO6 policy generally covers water damage in Florida. As discussed above, it depends on the source of the leak as well as the ... What Can Condo Insurance Cover? ... A condo insurance policy covers appliances, interior walls, and floors (if your responsibility), along with your personal ... Homeowners insurance is to protect from things that can damage your home and personal belongings. Not only does homeowners insurance protect during an ... Personal liability insurance does not have a deductible you must meet before the insurer begins to pay losses. Liability coverage also requires the insurer to ... Nov 5, 2024 ... Flood Insurance Coverage For Condos. Condo owners need to understand that their flood insurance usually covers the unit's interior—like drywall, ... May 19, 2022 ... The most common condo insurance policy is often referred to as HO-6. This policy will usually cover: Homeowners' insurance covers damage or loss by theft and against perils which can include fire, and storm damage. It also may insure the owner for accidental ... Apr 1, 2024 ... A condo owner's insurance policy, called an HO-6, covers most of what you own within your unit, generally speaking. Wawanesa's condo insurance covers loss or damage to the interior of your unit, typically what you own and not covered by your association's master policy. The new law expressly confirms that condominium associations are not required to obtain insurance related to water damage or water perils. It then imposes ...