As an insurance agent, I hear this question a lot. My reply is this: Yes, the condominium association has what they call a master condo policy that covers the interest of the condominium association, not the owner’s unit. What I mean by this is that the master policy does not cover the unit owners’ contents, or building additions and alterations that they may make to the inside of their unit, or the personal liability for what happens inside their unit and some types of loss assessments that may be assessed to the unit owners from the association. Read the article………………………..
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