How is a unit owners policy different from a standard home insurance policy?
A unit owners policy is usually appropriate for the individual condominium/association unit owner when the association insures the physical structure. It is somewhat like a standard home insurance policy, with some differences.
How It's Similar
- Coverage A, Building Property, protects your items of real property which are a part of your unit and your responsibility according to the governing rules of your Condominium/ Association.
- Coverage L, Personal Liability, can help protect your assets in case you are legally responsible for property damage or injury to others.
State Farm® can tailor your policy to suit your needs. What coverages are available?
How It's Different
- Coverage D, Loss Assessment, protects the unit owners policy and can help you meet certain obligations that arise from your shared responsibility within the Condominium/Association.
- The unit owners policy can help you meet certain obligations that arise from your shared responsibility within the Condominium/Association.
