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  2. Homeowners insurance vs. co-op insurance vs. condo insurance

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    Loss assessment coverage can help pay if you are assessed for a covered claim, which is a fee assessed to all units to cover the deductible and other amounts paid by the association. For example ...

  3. I’ve owned my North Carolina townhouse since 2023 — but now ...

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    Progressive says that standard condo insurance policies generally provide a certain level of loss assessment coverage. But depending on your policy, it may not be enough to cover the cost of a ...

  4. What is an HOA insurance policy?

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    However, your policy’s loss assessment coverage, if you have it, may protect you from out-of-pocket costs if a loss exceeds your HOA’s master policy limit. HOA insurance vs. condo insurance

  5. Owner-controlled insurance program - Wikipedia

    en.wikipedia.org/wiki/Owner-controlled_insurance...

    An owner controlled insurance program (OCIP) is an insurance policy held by a property owner during the construction or renovation of a property, which is typically designed to cover virtually all liability and loss arising from the construction project (subject to the usual exclusions).

  6. Loss payee clause - Wikipedia

    en.wikipedia.org/wiki/Loss_payee_clause

    A loss payee clause (or loss payable clause) is a clause in a contract of insurance that provides, in the event of payment being made under the policy in relation to the insured risk, that payment will be made to a third party rather than to the insured beneficiary of the policy.

  7. Is your insurance good enough if your condo collapses? Here’s ...

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    For premium support please call: 800-290-4726 more ways to reach us more ways to reach us

  8. Contents insurance - Wikipedia

    en.wikipedia.org/wiki/Contents_insurance

    Contents insurance is insurance that pays for damage to, theft, or loss of, an individual’s personal possessions at home. Some insurance policies also cover items taken out of the home on holiday. Some insurance policies also cover items taken out of the home on holiday.

  9. Condo questions: What's covered under HO-6 insurance and ...

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    Here's what your Florida condominium association insurance master policy covers versus your own HO-6 policy. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800 ...

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