Bare Walls or All In Insurance?

Question:

Should we purchase all in insurance or bare walls insurance? What would be the reason to do so.

– Elizabeth

 

Answer:

Hi Elizabeth,

It is best to check your CC&Rs and bylaws to see what insurance requirements apply to your HOA. Bare walls insurance is the bare minimum, which means it offers limited coverage. In contrast, all in insurance is far more comprehensive.

Here is a resource you might find useful: https://www.hoamanagement.com/condo-insurance-basics/

 

Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.

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