Insuring Building Items Inside Your Unit
Related Links:
Personal Coverage
Items Inside Your Unit
Claims
Ideas to Avoid Damage
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Q. How do I determine what building items inside my unit I am responsible for insuring?
A. The Master Deed defines all insurance responsibilities for the association and unit owners. You should first review and understand two important definitions; “Unit”, and “Common Elements”. Then read the section titled Insurance. Although all Master Deeds are different, the Insurance section commonly states one of the following sentences regarding building coverage; “the Association must insure Common Elements” or “the Association must insure Common Elements and the Unit.” Then, depending on the definition of “Common Elements” and “Unit”, you can define your responsibility for building items inside your unit to one of the three common Master Deed interpretations shown below.
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