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Condominium
 
Condominium Policy - All-Risk Property Coverage

Affiliated FM offers an all-risk policy written specifically to meet the unique coverage needs of condominium associations. Using the proVision all-risk form as a platform, the condominium policy features the same easy-to-navigate, easy-to-read format, automated processing and flexible coverage limits.

Key Coverage Enhancements

Related Links  
PDF document
Condominium Form
PDF document
Condominium Information Sheet
Some of the key coverage enhancements and policy features built into the form include:

No sublimits for:

  • Loss of Condominium Maintenance Fees
  • Debris Removal
  • Demolition and Increased
  • Cost for the Undamaged Portions of the Building
  • Computer Virus

Specialised wording for:

  • Broadened Named Insured that includes Condominium Association as the Insurance Trustee
  • Rebuilding on Another Site
  • Capital Expenditures
  • Fixtures, Installations, Alterations, and Additions, that Comprise Part of the Building When Used Exclusively by an Individual Condominium Unit-owner

Embedded coverage for:

  • Flood/Earth Movement
  • Fungus Mold or Mildew
  • Tenant Relocation Expense

Comprehensive coverage including:

  • Foundations and Underground Piping
  • Agreed Amount with No Co-insurance Penalty
  • Carports/Garages/Walls
  • Outdoor Recreational Property
  • Signs and Fences
  • Improvements and Betterments
  • Protection and Preservation of Property

Note: This information does not constitute, replace or supplement policy language. The liability of Affiliated FM is limited to that contained in its insurance policies.

 
   
 

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