公寓AG捕鱼王在线app下载简介
The ownership structure of a condominium unit is different from that of a single family house. Here’s what you need to know when purchasing insurance for your condo.1
1. 了解整体保单
Since the ownership of all common areas is shared with other condo owners, the association of owners typically purchases insurance coverage (a master policy) for the common areas, e.g.、走廊、外墙等. The condo association’s policy will outline what is covered and what is not.
2. 三种承保范围
There are three basic types of coverage under a master policy.
- 主要建筑物和公共区域
- Your unit and any items within your unit, other than personal belongings
- 建筑物，单位和任何固定装置
The individual coverage you may consider depends upon the scope of coverage of the master policy. Start by determining what is and isn’t covered under the master policy – this can influence the coverage you may need.
3. 了解整体AG捕鱼王在线app下载免赔额
一般, an association’s master policy has a deductible that is charged pro-rata among unit owners in the event of a claim. Determining that obligation is important because while it may never materialize, it could represent a meaningful financial commitment.
4. 考虑额外的AG捕鱼王在线app下载
和所有房主一样, you will need to make decisions about other coverage options, such as cash value or replacement coverage, 增加个人责任AG捕鱼王在线app下载, and whether flood insurance may be appropriate.
1. Several factors will affect the cost of condo insurance, including the insurance coverage provided by the homeowners association. You should consider the amount of your deductible and level of coverage before purchasing a condo insurance policy. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments.
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by 消费品套件 to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. 所表达的意见和 material provided are for general information, and should not be considered a solicitation for the purchase or 出售任何证券. 版权 消费品套件.
