01.Core Concepts

A condominium association coverage form covers commercial and residential condominiums Coverage includes the association’s personal property, such as exercise room equipment Coverage also includes personal property in the association’s care, such as leased lawn mowers Businesses that own units in a condominium building can purchase a condominium commercial unit-owners coverage form Not used for residential condominium units The form covers the business property of the unit owner, such as furniture, fixtures and improvements, machinery and equipment