What are betterments and improvements in a condo policy?

Answer Two types of insurance cover condominiums: A master policy that insures the common areas, andAn individual unit owner's policy that insures the interior of a unit and its contents. Betterments and ... Read More »

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What is the difference between betterments and improvements and additions and alterations in a condo policy?

When buying insurance, it is key that you get an explanation, preferably in writing, from a broker when/if the policy uses any of these terms, to satisfy yourself that you're buying the coverage yo... Read More »

What makes up betterments and improvements in a condominium?

This terminology may be being used relative to a master insurance policy and coverage. One definition might be that betterments and improvements could be upgrades to existing fixtures, equipment, a... Read More »

What are the implications of having the condo association as an added insured on homeowner's condo insurance policy?

Answerthey are an insured under the policy as they 'own' the outside of the 'implicatons' other than in some claims they would/may be included on the draft in may b... Read More »

Can you claim Condo fees as home improvements?

Condominium assessments are paid by owners to support the operation of the condominium community. Assessments pay for professional services, maintenance and contributions to reserves. You can revie... Read More »