Summary of coverages

Dwelling (Structure): Covers the interior structure of your unit, including fixtures, walls, and floors, as defined by your specific condo association's master policy and your own policy. Personal Property: Replaces your belongings, such as furniture, electronics, and clothing, if they are stolen or damaged from a covered event like fire, vandalism, or theft. This coverage is often based on actual cash value (depreciated value), but you can often purchase replacement cost coverage for a higher premium. Personal Liability: Protects you from claims and lawsuits if you or a resident of your household is responsible for someone else's bodily injury or property damage. This can include covering legal defense costs, even if the suit is groundless. Loss of Use: Helps pay for temporary living expenses, like hotel stays and meals, if you cannot live in your unit due to a covered loss. Premises Medical Payments: Pays for minor medical expenses for guests who are accidentally injured on your property, regardless of fault. Loss Assessment: Helps cover your share of a special assessment charged by your condo association to cover repairs to common areas after a large loss, such as damage from a storm or fire.