condo insurance



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Personal Insurance Travelers understands that as the owner of a condominium unit, your needs are different from other homeowners. Chances are your association purchased a master policy to cover common areas like the exterior building and walkways. Cost of Common Property Loss, A 10-story condo was built in 2000. It is certainly hurricane-proof, code-wise. companies are blaming reinsurance companies for these gargantuan increases. Perhaps the reinsurance industry needs to be investigated.

Most of the companies are in the Bahamas or somewhere. They are not sufficiently scrutinized.Condo comes in two varieties The insurance coverage maintained by the condominium association typically covers such common elements from loss in the event of fire, In some cases the condominium's governing documents will require each unit owner to obta