Condominium Coverage

Terminology can often make it difficult for condo owners to know what their insurance covers vs. what the association’s master policy covers. Here are some helpful definitions:

All In
This means the insurance policy includes wording that extends the coverage to be all-in. In other words, improvements and betterments to the units are now covered on the
master policy.

All-In Per Condo Documents
The insurance policy refers to the insurance section of the condominium documents to interpret what is covered on the master policy. If you see “all-in per condo documents” it means we have interpreted the master policy condominium document and feel it
will adequately cover all improvements made by unit-owners.

Per The Condo Documents
The insurance policy refers to the insurance section of the by laws to interpret what is covered on the master policy. The policy states it will cover “any of the following types of property contained within a unit regardless of ownership if your Condominium Association Agreement requires you to insure it.”

Original Specifications
This means the master policywill cover “any property included in the unit that was initially installed in accordance with your condominium’s original plans and specifications.” In other words, unit improvements after the original construction would not be covered on the master policy.