This means that your personal property is covered in most situations, regardless of the cause of loss. For your convenience, no appraisal or listing of insured items is required. If these structures are not considered to be common property, they are not covered under your Association's Master Policy. This add-on coverage would insure these other structures. Personal liability protection Liability coverage is important protection in the event that you are sued for accidentally hurting other people or damaging their property.
Personal liability helps to cover the associated legal costs and related damages.
Higher coverage amounts are available. Once we move into a new home, we often make improvements. Additions, alterations and other improvements made to your unit are also covered. Deductibles A deductible is the amount of loss you agree to assume before your insurance coverage takes over. The higher your deductible, the lower the cost of your policy premium.