Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

On a Condominium Unit Owners policy, must there be direct damage to the insured unit for payment of an Additional Living Expense or Full Rental Value claim?

0
Posted

On a Condominium Unit Owners policy, must there be direct damage to the insured unit for payment of an Additional Living Expense or Full Rental Value claim?

0

No. The building in which the unit is located can have damage caused by a covered peril which makes the insured unit untenable and thus the insured would be eligible to loss of use. In contrast, under the Homeowners policy, the unit (residence premises) must sustain actual damage.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123