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If the master policy is written to include flood coverage, then, yes.
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∙ 13y ago
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I am renovating my condo unit on the 5th floor. I broke open a water pipe causing it to flood down to the lower units. Am i responsible or would the damage be coverd by the building condo insurance.?
Since you caused the damage, your HO-6 condominium unit owner's insurance may cover the cost of repair. However, your insurance company and the insurance company that carries the master policy will work through all the details. If you carry no owner's insurance, you may be liable for the master policy deductible, and you may also be responsible to pay for the damage you caused inside your unit. Read your governing documents to determine your responsibilities as to insurance.
Does insurance cover foundation leak after flood?
"Flood Insurance" will cover damage resulting from a Flood. Homeowners Insurance will not.
Will Atlas insurance cover flood damage?
Yes Atlas insurance does cover flood damage. They also secure food insurance that you may need and also provide you with insurance to replace your assets which were damaged in the flood.
Will your flood insurance cover your car in the driveway?
No, Flood insurance will not cover your Automobile. Your Comprehensive Auto Insurance will cover flood damage to your Car.
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?
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.
Does renters insurance protect contents against flood damage?
Flood is excluded
Is flood insurance included in basic homeowners insurance?
Homeowner's insurance policies do not cover flood damage. You will need a Flood Insurance policy and to get one you will have to apply and wait 30 days.
Will insurance pay for a car motor damaged from a flood?
Engine, not motor, and that depends on your insurance policy. If you don't have flood insurance specifically, flood damage is typically not covered.
When a flood is declared a National Disaster does flood insurance automatically pay if you are in a flood zone?
If you have flood insurance it will cover damage resulting from a flood. It does not matter if a national disaster has been declared or not.
What services does the website Homesite offer?
The website Homesite offers various types of insurance sevices. They include homeowner insurance, rental insurance, condo insurance, flood insurance, etc.
Does a National Flood Insurance policyholder have to wait for a Presidential disaster declaration before filing an insurance claim for flood damage?
No. Flood insurance is purchased by the homeowner to provide coverage for losses elated to flooding. The president has nothing to do with your flood insurance.
Does homeowner's insurance cover non-flood damage for water in basements?
Homeowner's insurance is a very important essential if someone owns a home. This insurance does not cover non-flood damage for water in the basement, though. It only covers flood damage or loss of valuables. http://wiki.answers.com/Q/What_does_homeowners_insurance_cover
