Unigard’s condominium policy offers coverages designed to meet the unique insurance needs of most condominium owners. Often they own single units within buildings containing several other units or may need coverage for common areas, such a parking lot or pool, in addition to their personal residences. Key coverages include:
Dwelling Coverage: While condominium owners are rarely required to obtain coverage for the external building, they often need coverage for internal permanent features such as cabinetry and bathroom fixtures. Unigard offers coverage for these internal features.
Personal Property: Your personal property is covered for the following causes of loss, subject to some restrictions:
- Fire or lightning
- Windstorm or hail
- Explosion
- Riot or civil commotion
- Damage caused by aircraft
- Damage caused by vehicles
- Smoke
- Vandalism or malicious mischief
- Theft
- Falling objects
- Weight of ice, snow or sleet
- Water escape from a plumbing, heating, or air conditioning system
- Collapse
- Freezing
- Discharge from an artificially generated electrical current
- Volcanic action
Loss of Use: If your residence becomes uninhabitable because of a covered loss, any increased expenses you incur in order to maintain your normal standard of living will be covered.
Personal Liability: You and any family members residing in your household are protected for bodily injury and property damage to others caused by a covered accident for which you are liable. This coverage also includes defense costs.
Medical Payments to Others: If a visitor to your home is injured in an accident, you are covered for the necessary medical expenses incurred because of bodily injury, without regard to liability.
Loss Assessment Coverage: Sometimes, when a loss occurs in or to a common area, such as storm damage to a roof, or an injury in a swimming pool, the condominium association assesses each unit owner a proportionate share of the loss amount. Under Unigard’s condominium program, coverage is available to protect an insured against this type of loss.