A condo owners master policy can insure all the building and common elements under a single package policy.
A master condo owners policy typically provides coverage in one of three ways:
Insures the basic building(s) (walls, roof, floors, elevators) but leaves you the responsibility of insuring appliances, carpeting, cabinets, wall coverings, and other items in your unit, and in some instances the interior walls.
Insures both the basic building(s) and the items within your unit other than personal property.
Insures both basic building(s) and includes unit owner fixtures and improvements.
When the condo association insures the structure, a condo unit master policy is normally written to cover:
Items not covered by the condo owners master policy that may be your insurance responsibility.
The value of building additions or alterations made by you, at your expense.
Value enhancements (For example, if carpet is upgraded to quality that is better than the original, the difference would be covered in the event of loss).
Damage to your unit not compensated because of the master policy deductible.
Building coverage is one of the more complex parts of insuring an association. You should discuss your needs fully with us.
A master condo owners policy typically provides coverage in one of three ways:
Insures the basic building(s) (walls, roof, floors, elevators) but leaves you the responsibility of insuring appliances, carpeting, cabinets, wall coverings, and other items in your unit, and in some instances the interior walls.
Insures both the basic building(s) and the items within your unit other than personal property.
Insures both basic building(s) and includes unit owner fixtures and improvements.
When the condo association insures the structure, a condo unit master policy is normally written to cover:
Items not covered by the condo owners master policy that may be your insurance responsibility.
The value of building additions or alterations made by you, at your expense.
Value enhancements (For example, if carpet is upgraded to quality that is better than the original, the difference would be covered in the event of loss).
Damage to your unit not compensated because of the master policy deductible.
Building coverage is one of the more complex parts of insuring an association. You should discuss your needs fully with us.
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JUNY PROFESSIONAL SERVICES
8400 KENNEDY BOULEVARD
NORTH BERGEN, NJ 07047
(201) 624-8010
8400 KENNEDY BOULEVARD
NORTH BERGEN, NJ 07047
(201) 624-8010
OFFICE HOURS:
Monday - Friday: 9:00 AM - 5:00 PM
Saturday: Closed
Sunday: Closed
Monday - Friday: 9:00 AM - 5:00 PM
Saturday: Closed
Sunday: Closed
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