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Check with your broker to verify that you have this coverage on your HO-6 condominium policy.
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∙ 14y ago
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Who is responsible for costs when a toilet backs up and leaks to unit downstairs in condo?
Your personal condo insurance should cover it under the liability section. It will not be a penalty to you.
Where can one find information on condo insurance?
Condo insurance can be purchased at the same places that sell homeowners insurance and will cover the costs of your property inside your condo and will pay for damages incurred.
What types of insurance cover would a stuntman require?
health insurance personal accident
Does personal lines insurance include homeowners' associations?
Personal lines insurance typically does not include coverage for homeowners' associations. Homeowners' associations typically have their own insurance policies to cover their common areas and buildings. Individual homeowners may choose to purchase personal lines insurance to cover their own property within the homeowners' association.
What is covered for personal liability insurance?
Personal liability insurance provides additional coverage to other insurance policies. Without personal liability insurance, any thing that one's home or car insurance could not cover, one would have to pay out of pocket. Personal liability insurance will cover those fines.
What does personal insurance cover?
Personal insurance can cover a wide array of things. It can cover your property, your valuables, even your best interest if you are in business. There is also personal health insurance.
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 homeowners insurance cover lawnmower accidents?
No, Personal injury would be covered under your Medical Insurance.
Do condo insurance cover motorcycle theft?
Read your policy and check with your broker for the answer you want.
My upstairs neighbor's leak ruining my condo?
You must inform them in writing (preferably Registered Post) and if you have it worked on send them a bill. Inform Strata Council or owner of building.
Which insurance carrier pays on Florida condo negligence of contractor claim?
The contractors General Liability Insurance would cover accidents and quality of workmanship issues that result from the activity of the Contractor.
Is leaking pipes inside the wall covered in condo insurance?
Typically, the coverage for leaking pipes inside a condo's walls can be a bit complicated due to the unique nature of condo ownership. Insurance coverage in condos is generally split into two parts: condo association insurance (also known as "master policy") and individual condo owner's insurance (HO-6 policy). The condo association's policy often covers parts of the building structure, which could include pipes inside the walls. However, it can also depend on the specifics of your condo association's master policy and whether they have an "All In" or a "Bare Walls-In" coverage. An individual condo owner's insurance might cover the damage to personal property and any improvements made to the unit, like upgraded kitchen appliances. Essentially, whether or not a leaky pipe inside the wall is covered depends on where the pipe is located (common area vs. within your individual unit), who is responsible for its maintenance (as outlined in your condo by-laws), and the details of both insurance policies. At Daisy, we've learned that understanding your condo documents and insurance policies is fundamental to knowing what is and isn't covered. It's always advisable to consult with your insurance provider or a lawyer to fully understand your coverage.
