The Condominium owners policy covers only the personal property of the insured. There is no insurance on the building because the Condo Association carries this coverage on a master policy for all property owned in common by the owners of the units.

There is $5000 Coverage A provided for the building improvements and alterations which are the responsibility of the individual Condo owner. This coverage can be increased as needed.

• Fire or Lightning
• Smoke Damage (except smoke from industrial operations)
• Windstorm or Hail
• Collapse of Building from specified causes. Also loss due to falling objects from an outside source.
• Water Heating System or hot water heater losses. For example, the sudden explosion, cracking or burning of such equipment or appliances.
• Water Escape or Freezing losses from leaking, overflow of water or freezing of plumbing system.
• Vandalism
• Theft

You have some special options:

Loss assessment can be increased over the $5000 basic coverage provided, to cover the insured if they are assessed for a loss not covered by the Condo Association, if it is a covered peril under the condo owner's policy.