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There are two kinds of insurance required in a condominium environment. The master policy insures all the real estate assets owned in common -- and covers liability possible in commonly owned areas.

Individual condominium owners purchase a policy to cover their unique assets. This policy is known as an HO-6 policy.


If an owner who lives in the penthouse that includes a private pool, the penthouse owner is responsible for insurance to cover the rooftop pool.


If the rooftop pool is a common area and is owned by all the owners, then it is covered by the master policy.

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15y ago

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