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Property coverage will protect your
interest in buildings, personal property, improvements and betterments, and
business income. Even machinery & equipment can be included. |
General liability provides coverage for
damages legally owed to others for bodily injury or property damage and personal
and advertising injury resulting from the operation of your condominium.
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To protect your Directors & Officers, we
offer a D&O form that covers claims arising out of wrongful acts.
The Condominium & Apartment
policy provides a number of extras at no additional charge. These include:
Property
- Auxiliary Private Structures –
such as garages and storage buildings: 10% of the building limit, up to
$15,000
- Water Backup or Overflow – from
sewers, drains or sumps: $5,000
- Income &
Extra Expenses – losses incurred during
restoration up to 12 months
- Mechanical Breakdown - covers vital
building maintenance systems such as boilers and air conditioning systems.
- Outdoor Property – such as
fences, radio and television antennas, unattached signs, trees, shrubs and
plants: $10,000
General Liability
- Expanded Fire Damage Coverage –
extended to apply not only to fire, but also explosion, release of smoke from
an unfriendly fire, or sprinkler leakage incidents
- Liberalization Clause – if the
commercial general liability coverage form is expanded to provide additional
coverage with no additional premium, and the effective date of the change is
during your policy period, your policy will automatically provide this
additional coverage on the effective date of the revision
- Additional Insureds By
Written Contract, Agreement or Permit – additional insureds are
automatically included if the requirement for this status is a written
arrangement
- Extended Coverage for Newly-Acquired
Organizations – Coverage is afforded until the end of the policy period,
regardless of whether this time exceeds 90 days
- Host Liquor Legal Liability
- Directors & Officers Errors &
Ommissions
CONDOMINIUM
BROCHURE
APARTMENT BROCHURE
Insurance,
In-synch
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