Condo/Townhouse Information |  | |
Association Name*: | |
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| Association: Most condominium or town home owners are members of an association. A common responsibility of that association is to protect the interests of the property owners. Those associations usually purchase insurance policies which protects the dwellings in the event of fire. Protection against loss of personal property or negligent liability claims is often not covered. The condo or town home owner policy is designed to insure against losses of this nature. |
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Building Materiall*: | |
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Personal Property Value*: | | $
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| Personal Property Value: This is an estimated value of the personal property you own or use. Section I of this policy is specifically designed to cover losses of this personal property. Certain unscheduled items have special limits of liability or ceilings as to how much will be covered. Ask your agent to determine if additional coverage is needed to provide you adequate protection for those items. |
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System*: | |
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| Quotes include these coverage limits and deductible. Choose the value that best suits your needs: |
Deductible*: | |
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Coverage A*: | | Dwelling: $1,000. |
| Coverage A - The Dwelling: Provides protection for the basic dwelling alterations, appliances, fixtures, improvements, and other structures. The basic policy provides $1,000 of coverage and may be increased for additional premiums. |
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Coverage B*: | | Other Structures: Does not apply. |
| Coverage B - Generally not a coverage with this type of policy. |
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Coverage C*: | | Personal Property: Personal Value estimates from above, rounded to the nearest $1,000. |
Coverage C - Unscheduled Personal Property: An insurer will cover unscheduled personal property owned or used by an insured anywhere in the world. At the insured's request, the company will cover personal property owned by:
(1) Others while the property is on the part of the residence premises occupied by the insured.
(2) A guest or a residence employee, while the property is in any residence occupied by an insured. |
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Coverage D*: | | Loss of Use: 40% of Coverage C. |
| Coverage D - Loss of Use: If the dwelling is uninhabitable following a covered loss the insurance company will provide the insured with either of the following benefits: Additional Living Expense, meaning any necessary increase in living expenses incurred by the insured so that his household can maintain its normal standard of living; or Fair Rental Value, meaning the fair rental value of that part of the residence premises where the insured resides less any expenses that do not continue while the premises is not inhabitable. |
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Coverage E*: | | Personal Liability:
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| Coverage E - Personal Liability: Coverage is provided to an insured under this section if a claim is made or a suit is brought against the insured for damages due to a bodily injury or property damage to others. The insurer will pay up to the limit of liability in damages for which the insured is legally liable, and provide a defense at company expense even if the suit is groundless, false or fraudulent. The basic limit of liability provided by a homeowner contract is $100,000 under the HO-91 program. This amount may be increased according to your needs. |
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Coverge F*: | | Medical Payments:
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| Coverage F - Medical Payments: Under this section of coverage the company will pay necessary medical expenses incurred or medically ascertained within three years from the date of an accident causing bodily injury. Medical expenses means reasonable charges for medical, surgical, X-ray, dental, ambulance, hospital, professional nursing, prosthetic devices, and funeral services. This coverage does not apply to the insured or regular residents of the household except residential employees. The basic limit of liability provided by this section of coverage is $1,000 per person. This amount may also be increased according to your needs. |
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