Association property coverage insures buildings and common elements against covered losses.
What it generally covers
- Buildings and common elements
- Equipment breakdown, when added
- Ordinance-or-law coverage, when added
Where gaps often hide
- Underinsurance from outdated valuations
- Wind and flood treatment
- Coinsurance and valuation conditions
Questions worth asking
- When was the last insurance valuation?
- How are wind and flood handled?
- Is ordinance or law coverage included?
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General information only. Actual coverage depends on your policy, and coverage is not in force until confirmed in writing by the agency.