6 condo insurance questions
By Mark Terry • Bankrate.com
To state the obvious, a condominium is not the same thing as a house. Usually, there's no backyard or basement, and you don't have to worry about cutting the grass or shoveling a front walk.
Insurance is another area where homes and condos differ. Condo owners are typically responsible for insuring just a portion of their property on their own. However, rules differ from complex to complex, and it's important to ask the right questions to ensure you have proper insurance coverage.
Here are six things you need to know about insuring your condominium
6 questions about condo insurance
1.
What does your master policy say?
2.
How expensive is the association deductible?
3.
How much coverage is appropriate?
4.
Cash value or replacement cost coverage?
5.
Have you insured contents and structure?
6.
Are you covered for flood and wind damage?
Read the entire article at:
http://www.bankrate.com/brm/news/mortgages/20080121_condo_insurance_a1.asp?prodtype=mtg
Jim Lubinsky
Mary Williams
Re/Max Affiliates Realtors614-766-533
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1 comment:
I think I am slightly confused as to what exactly the differences between the different types of bonds there are. Are jail bail bonds similar surety bonds and to corporate surety bonds? Are there specialist bonds people for all the different types of bonds or can surety bonds people deal with any kind of bond? Also, does it depend on previous financial information and if I have a criminal record will that affect anything? If so, are there reviews available for companies who offer bad credit surety bonds?
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