Additional Coverage's for Condo Unit Owners
Condo Unit Owners Loss Assessment Coverage:
Covers the unit owner’s share of special assessment levied by the Condominium Corporation for direct loss or damage to the condominium property collectively owned by the unit owners and caused by a peril insured against under the Condominium Unit Owners Policy.
Condo Unit Owners Improvements Coverage:
Covers direct physical loss or damage to improvements and betterments to the owners premises made by them or acquired at their expense.
Condo Deductible Assessment:
Covers that part of an assessment made necessary by a deductible in the Master policy of the Condominium Corporation.