DIFFERENCES WITH THE STANDARD HOME INSURANCES POLICY
Differences with the standard home insurance policy
A unit owners policy is usually appropriate for the individual condominium/association unit owner when the association insures the physical structure. It is somewhat like a standard home insurance policy, with some differences.
How it’s similar
Coverage A, Building Property, protects your items of real property which are a part of your unit and your responsibility according to the governing rules of your Condominium/ Association.
Coverage L, Personal Liability, can help protect your assets in case you are legally responsible for property damage or injury to others.
How it’s different
The unit owners policy can help you meet certain obligations that arise from your shared responsibility within the Condominium/Association.
