11-15-2016, 04:59 PM
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#36
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In the Sin Bin
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Quote:
Originally Posted by Cecil Terwilliger
No but most condo insurance policies have either water coverage or some sort of specific blanket coverage for major issues.
So let's say your condo corp has some huge multi million dollar coverage but the deductible is $5000 (or more, maybe $20,000).
You can actually buy coverage to protect your liability within the building in case your interior flooding causes 10s of thousands of dollars worth of damage to other places in the building. Your condo corp will not pay that deductible for you. They'll make you pay it.
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well in that case...
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