asked 162k views
5 votes
A Condominium Unit Package covers which of the following?

a) Shares with the Condo Corporation in insuring the building.
b) It insures the unit, personal property and includes coverage's for improvements and betterment's.
c) Insures unit, building and includes coverage for improvements and betterment's.
d) All of the above.

asked
User Silwest
by
8.5k points

1 Answer

5 votes

Final answer:

A Condominium Unit Package typically insures the unit, personal property, and includes coverage for improvements and betterments, but does not cover the building, which is usually insured by the condo corporation.

Step-by-step explanation:

A Condominium Unit Package typically includes coverage for several aspects of condo ownership. The correct answer to which of the following a Condominium Unit Package covers is (b) It insures the unit, personal property and includes coverage's for improvements and betterment's. This type of insurance policy is designed to protect the inside structure of your unit (such as walls, floors, and ceilings), your personal belongings, and any upgrades or improvements you have made (often referred to as betterments) over the original specifications of the unit. While the condo corporation typically insures the building and common areas, the unit owner is responsible for their own space and belongings.

answered
User Marsden
by
8.1k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.