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The inium Association Coverage Form (CP 00 17) is the Insurance Services Office, Inc. (ISO), commercial property coverage form that covers buildings and personal property owned by inium associations.
For example, for a commercial property, the maximum coverage available under the NFIP is $500,000.
The Homeowners Policy Unit Owners Form 6 (HO 6) is part of the Insurance Services Office, Inc. (ISO), homeowners forms portfolio. The HO 6 form covers the real property interest and the personal property of insureds who own a unit in a inium or share an ownership interest in a cooperative building.
Condo insurance is a policy that is purchased by the owner of a condo unit. It generally helps pay to repair your unit and your belongings if they are stolen or damaged by certain perils, such as fire or vandalism.
A unit owner policy, sometimes called walls-in coverage, is specific to the individual condo unit. This policy covers the interior of the unit, including: Fixtures and improvements. Personal property like furniture and electronics. Loss of use expenses if the unit becomes uninhabitable.
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inium policies help protect your personal property and the interior of your unit. You will also have liability protection for bodily injury or property damage to others. Its easy to get a quote for a inium insurance policy that will provide these coverages.
Some planned communities and iniums contain both commercial and residential lots and units. The owners association for a mixed-use community will need to deal with all of the issues important to a commercial community, some of which are described above, and the issues important to a residential community.
This policy covers damages to areas that are shared in your building or complex such as lobbies, elevators, amenities like swimming pools or tennis courts, and even the exterior of the building itself. It also protects the condo association against liability costs if someone is injured on the premises.

which of the following is true of the transfer of your rights and duties condition under cpp