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Missouri City cheap health insurance temporaryYour Individual Policy The insurance you purchase as an individual condominium owner to protect your unit is very similar to the homeowner’s insurance discussed in the last Missouri City cheap health insurance temporary chapter. It protects the property you own individually. Usually, the insurance the condominium association purchases covers damage to the physical space you live in. however, if the Missouri City cheap health insurance temporary policy is not enough to completely protect you, your individual coverage should fill in the difference. It protects certain portions of the common area. If you have a legal duty under the condominium association agreement to keep and maintain portions of the common area, your individual policy will pay benefits for the destruction or loss of that Missouri City cheap health insurance temporary area. It covers destruction or theft of your personal property. For the most part, this is the same as the homeowner’s agreement. It protects you against liability. In our society, where lawsuits can become reality in your life, liability insurance is a must if you have a reasonable amount of assets to protect. (See the discussion on “Protection against Liability” in the last chapter, page 232.) The Insurance Policy for the Entire Complex Your condominium association purchases the Missouri City cheap health insurance temporary policy that covers the complex as a whole with funds collected from all of the individual unit owners. However, just as with individual policies, the terms of the overall coverage may not be adequate to completely pay for covered losses. Thus, it is vital that you have a copy of the association policy so that you can take it to your insurance agent and coordinate its terms with those of your individual Missouri City cheap health insurance temporary policy. In that regard, there are at least three things you need to ask your agent.
…Continued in Missouri City company group health insurance small |
