Your Personal Property Coverage
Because you have a large investment in your personal property, you need enough coverage to compensate you if you suffer a covered loss.
Your condominium unit owners policy will protect your personal property against loss or damage from a number of specified causes, such as:
- Fire or lightning
- Windstorm or hail
- Theft
- Accidental discharge or overflow of water
- Explosion
- Riot or civil commotion
- Accidental eruption of hot water heating system
- Aircraft
- Vehicle damage
- Freezing
- Smoke damage
- Artificially generated electrical current
- Vandalism or malicious mischief
- Falling objects
Your personal property is covered against these kinds of losses both at your residence and any other location worldwide, subject to some restrictions. For example, theft from another residence you own, if you are not temporarily residing there at the time, is not covered.
Guest's property would be covered within your unit.