If you are interested in obtaining information or a quote on personal homeowners
insurance, please call 1-800-552-9919 and ask for the Personal Lines Sales Department.
Residents must be aware of the type of Master Policy insurance in effect
through their community association. Regardless of the kind of policy a community
association has, owners and tenants should purchase a personal policy to fully
protect their interests.
Resident owners should consider an individual
homeowners policy (HO–6). This policy can provide coverage for personal
property, unit improvements, betterments, additions and alterations, additional
living expenses, and personal liability. Non-resident owners may not
need coverage for personal property or additional living expenses; however, they
do have all of the other insurable exposures of a resident owner. Additionally
non-resident owners can be insured for loss of rental income. Renters should
purchase an HO–4 policy to provide coverage for personal property, additional
living expenses, and personal liability.
Coverage can be arranged under
some HO–6 policies to pay for damages to a unit over the personal policy
deductible, usually $250 or $500, up to the master policy deductible. This type
of coverage is generally referred to as “building” or “dwelling”
coverage under a personal homeowner’s policy. Unit owners should check with
their HO–6 policy agent or the insurance company to determine if they have
appropriate “building” or “dwelling” insurance to cover
damage to their unit up to the master policy deductible.
The master policy
will not cover personal property, such as clothing and furniture within individual
units, nor will it provide coverage for personal liability or additional living