How much of ther interior of my condo is covered under "bare walls" policy?

Question

Will a bare walls fire policy cover bathroom fixtures and flooring etc? what about plumbing and lighting?

Answer 1

It should cover plumbing and electrical, but not usually lighting. It should cover standard bathroom fixtures, and subflooring.

Answer 2

You will need to contact your insurance agent to get a condo owners policy.

The association policy will cover the structure - but fixtures, finishing, carpet etc it will not. Think of it this way - if you can change it with out getting the associations permission - the association policy will probably not cover it.

Do you have to get permission if you want to remove the carpet and put down hardwoods? No - you own the carpet.

A condo owners policy will also provide coverage for your personal items (clothes, couch, dishes etc) and liability/medical payments. Liability and medical payments will pay for folks who get injured in your unit or because of your actions. So your dog bites someone or you take a pasta salad to the church pick nick and the mayo gets funny and folks get sick - you have liability protection.

If you own a car - talk to your agent. You will often get a mulit-line discount if you have the condo owners policy and auto policy with the same company.

If you live in an apartment or rent the space - you will need to get a renters policy. Similar but does not have coverage for the structure (since you don't own the carpet in an apartment - like you do in a condo)

Answer 3

ok, if there is a fire and all is left is the shell so to say, then the assoc comes in and frames and paints the walls.
thats what you got.
walls.
no kitchen, no cupboards, no bathroom fixtures, no carpet, no tile, no moldings.
maybe plumbing behind the walls, or under the floors, but not inside your unit.
so, just walls and maybe white paint.

Answer 4

Bare walls means the associations insurance will build your unit back to the bare walls, no extra interior stuff, in case of damage, such as a fire. You need to get your own policy for that. Talk to an insurance agent.

Answer 5

It only covers what was there when you moved in and the walls were bare. If you put in a better faucett, the insurance wont pay to replace it.

Get renter's insurance and make sure there is a rider for your possible 'upgrades'.

Answer 6

yes, if it is part of the dwelling it is covered. Think of it like an unfurnished apartment - all of this is covered. The stuff you move into the apartment is not - furniture, clothes, etc..