answersLogoWhite

0


Best Answer

Let's first review what a condo is. A condominium is an arrangement in which you own your own living space outright (your condo apartment), and you share joint ownership (with all the other condo owners) of the common spaces. There will be (at least) two insurance policies in effect: (1) the condo association policy, which covers (at least) the common areas, and (2) your own personal policy, which covers the contents of your condo apartment, and depending upon your coverage, may also cover the internal structural elements (walls, floors, ceilings, fixtures, countertops, etc.) of your specific condo unit.

Since there is no damage to your condo unit, your personal condo insurance will probably not apply, even if you have flood insurance. So, the answer to your question depends upon what type of policy your condo association holds. You should therefore ask your condo association.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: IF my upstairs condo is untouched by a flood but the building's ground floor is damaged so badly that the entire building is unlivable would my flood insurance protect me?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are some insurance buildings in NYC?

While this is clearly not a complete list, I did find a few insurance buildings in New York City. They are the New York Life Insurance Building, Manhattan Life Insurance Building, and the Met Life Building.


Why are MEP services design critical for a building?

MEP services are crucial to effective building design as it makes buildings more effective, operative, and convenient. Without it, or with very weak MEP infrastructure, buildings would be nearly unlivable and very inefficient.


What insurance covers the contents of buildings?

The insurance that covers the contents of buildings is called 'Buildings and Contents Insurance'. It provides more protection that just buildings insurance by covering the contents inside as well as the physical building.


What is meant by buildings contents insurance?

Buildings contents insurance is a type of insurance you can get and it will cover the items you have in your home or building. Coverage will include fire, water and theft.


How does one find insurance which covers buildings?

Building insurance is available from many insurance providers. Companies that offer such insurance include Direct Line and Building Insurance Experts.


What kind of insurance is buildings and content insurance?

Buildings and contents insurance falls under the umbrella of home insurance. Buildings insurance covers the actual structure of your building such as the foundation and siding well contents covers all the items in your house.


What type of buildings insurance are required in NYC?

This all depends on the type of building and what work is being done there. However, domestic building insurance is required for all buildings in the city of New York.


What is a dangerous building called?

Hazardous, unstable, unlivable, etc.


What is buildings insurance and what does it cost?

Buildings insurance covers the building and everything in and around it. The cost differs from company to company depending on what items they include in their coverage.


What insurance services are provided by the Nationwide Building Society?

The Nationwide Building Society offers insurance for the home (buildings and contents), the car, travel, landlord insurance and life & lifestyle insurance.


Where can one get quote comparisons for insurance for buildings?

There are a number of websites that offer building insurance quote comparisons. Two of these websites are Money Supermarket and Building Insurance Expert.


What is meant by the term contents and buildings insurance?

Contents and buildings insurance is insurance that covers any damage or loss that happens to a persons home and the contents inside. Contents and Building Insurance is usually sold with Home Insurance.