Question

After a fire burns through XYZ Condominiums, they have to replace most of the interior. Which of the following will NOT be covered under the Condominium Coverage Form of the condo association's commercial property policy?

A. Computers used by the condo
B. The common areas of the condo building
C. Piping, ductwork, or wire units
D. Upgrades within individual condos

Answer 1

The Condominium Coverage Form of the condo association's commercial property policy will NOT cover upgrades within individual condos.

Step-by-step explanation:

The Condominium Coverage Form of the condo association's commercial property policy will NOT cover upgrades within individual condos (option D).

The Condominium Coverage Form typically provides coverage for the common areas of the condo building (option B), as well as the computers used by the condo (option A) and the piping, ductwork, or wire units (option C). However, upgrade costs for individual condos are usually the responsibility of the condo owners and not covered by the association's insurance policy.