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Condominiums
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Dwell on this: your homeowners association may require you to carry
coverage for your custom cabinets, floor coverings, fixtures and more.
Fortunately, Prestige Home Premier for condos and co-ops goes beyond
the basics. |
- Say your
association assesses unit owners for a common loss. You'd get
just $1,000 coverage from a typical policy. But Prestige Home
Premier far surpasses the norm with loss assessment provisions
to $50,000!
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- Need to live
elsewhere during repairs? No compromises necessary you get comparable
living expenses no matter how long it takes for repairs.
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Prestige Home Premier truly complements your homeowner's association
policy by covering: |
- Most belongings
in your home with no deduction for?depreciation. Includes coverage
for valuables $10,000 on silver, $5,000 on jewelry, and $5,000
on furs.
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- Building
items in your unit, including upgrades required by code, down
to the interior walls, windows, fixtures, and wall coverings your
association's policy doesn't cover.
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| Prestige
Home Premier for Condos Highlights: |
| Features |
Definition |
Industry
Standard HO3 / ISO 2000 |
Prestige®
Home Premier for your Condo or Co-op |
| Loss of
Use |
Shelters
you when you can't use your property as a result of loss. |
Yes, but
only up to the stated limit |
Yes, and
with no dollar limit! |
| Increased
Costs Required by Code Changes |
Guards
against any cost increases for repairs or construction as a
result of changes in building, zoning or land use codes. |
Limited
(available by endorsement) |
Yes! Bridges
gap on what your association's policy doesn't cover |
| Personal
Property Replacement Cost Coverage |
Pays for
contents of a home at the current price to replace with no deduction
for depreciation. |
No |
Yes! And
a cash settlement is available! |
| Theft of
Jewelry and Furs |
Coverage
for burglary, robbery and embezzlement of jewelry and furs |
$1,500
(combined) |
$5,000
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| Theft |
Coverage
for burglary, robbery and embezzlement. |
$2,500 |
$10,000
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| Loss Assessment
Coverage |
Pays when
homeowners association assesses all unit owners for a common
loss. |
$1,000 |
$50,000 |
| Backup
of Sewers and Drains |
Pays costs
of overflow from sewers, drains and sumps. |
No |
Yes |
| Identity
Fraud Expenses |
Reimburses
costs to resolve the work of thieves who run up charges in your
name. |
No |
$15,000
(or $25,000 with Added Measure) |
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