Condo in zeeland mi

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How Important is it to have Condo Insurance in Zeeland MI? http://www.taressasprick.com/condo-in-zeeland-mi

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How Important is it to have Condo Insurance in Zeeland MI?:

How Important is it to have Condo Insurance in Zeeland MI? www.taressasprick.com

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If you own your own condo in Zeeland MI , then you will need to have insurance for your condo. Also, you will need to ensure that your condominium corporation has insurance.

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The insurance covered your belongings as well as structural parts of the condo that you own such as the kitchen cabinets that you installed. Your condo corporation will have a policy to insure the overall building, including your condo . The condo insurance is almost similar to the homeowner insurance with some special clauses because of the unique ownership relationship with your condominium corporation. .

the question arises; whose insurance pays? :

the question arises; whose insurance pays? The lower floor unit holders The top floor unit holders The condo corporation

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Condo owners in Zeeland, Michigan can get a special kind of condo insurance that do not remove coverage against ‘unit assessment’.

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Consider another example to illustrate this condition: let's assume there is a fire in the lobby of the condo building, then condominium corporation’s insurance will pay for most of it

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you may be required to pay a unit assessment that will be an additional cost to your regular condo fees. The coverage of condo unit assessment will prevent you in the case of this occurring.

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If you own your own Condo in zeeland mi or planning to buy one, make sure you have knowledge about your as well as your condo contractor’s insurance policies.

Contact US:

Contact US Taressasprick 11539 East Lakewood Blvd Ste 70 Holland, MI  49424 (616) 218-9026 http://www.taressasprick.com/ homes@taressasprick.com

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