Unit Insurance vs Association Insurance

Unit INsurance vs association insurance

Condominium Core Concepts Series - Module 3

The most important points of any insurance claim is that you have a covered peril that caused damage to covered property. In this module, we will examine a condominium declaration and discuss the list below and how it pertains to your Association Master Insurance Policy vs your Homeowners’ HO6 Policy.

1. What is defined as condominium property and where those definitions are found.

2. What are the common sub-classifications of condominium property.

3. Where do the common elements of an Association stop and the individual unit boundaries begin.

4. What are limited common elements and how do they fit into property casualty insurance policies.

Condominium Core Concepts by Joseph Hansen

Module 3 - Unit Insurance vs Association Insurance