WTPhelan can help you better understand how your condominium insurance works and what is and isn’t covered. For example an individual unit owner's policy is written to cover an owner-occupied condominium unit and provides coverage for:
• personal property insurance
• personal liability insurance
• loss of use insurance
• medical payments to others
• some building coverage designed to complement the master insurance policy purchased by your condominium association.
A master insurance policy covers the building, and the general liability of the association plus any other structures they elect to protect such as tennis courts, swimming pools, garages or club houses. It is best to consult the association (or property manager) for the details on the condominium by-laws and master deed to find out your responsibilities for insurance.