does condo insurance cover adjourning unit?

Message Author
ampm-bookmark
delicious-small Add to del.icio.us
yahoomyweb-small Add to YahooMyWeb
simpy-small Add to Simpy
blinklist-small Add to BlinkList
PostPosted: Thu Sep 17, 2009 6:41 am   Post subject: does condo insurance cover adjourning unit?  

if a fire occurs in my unit and does damage

to my neighbors unit does my policy cover

their loss?
davenportm
New member
Leave a quick message


Joined: 17 Sep 2009
Posts: 1


1.27 Dollars($)

PostPosted: Thu Sep 17, 2009 7:43 am   Post subject:   

What was the reason (cause) of the fire?
_________________
Can I say I’m working if I stare blankly at my computer all day?
Dasfuk
Senior member
Leave a quick message

Dasfuk
Joined: 27 Feb 2008
Posts: 597

Location: Ohio
24.03 Dollars($)

PostPosted: Thu Sep 17, 2009 9:07 am   Post subject:   

The cause of the fire can be a factor, did it occur within the walls of your unit and property? State laws dictate what is and what is not covered by the association’s master insurance. So, find out what's on the associations list and what they will cover. Some cases will state that the association's policy will cover fire and smoke damage to other units, since you can't insure anything outside of your unit, meaning the actual building. Sometimes, association doesn’t have adequate funds to cover damages. In many cases, the condo owners will be required to help foot the bill. Some Condominium Insurance policies allow you to buy "loss assessment coverage" to protect against this.
Trench
Senior member
Leave a quick message

Trench
Joined: 16 Sep 2009
Posts: 911

Location: Kansas City
152.85 Dollars($)

Quick Reply
Your Name
Subject
Message body
All times are GMT
Page 1 of 1


Get Free Insurance Quote
*State:
*Insurance type:

Ask Community Experts

flash plugin

Quick Links
Must See
Community
Insurance on Facebook
Hot topics in forums

Latest in blogs



Page loaded in 0.269 seconds.