Bare Walls Coverage

Categories: Insurance

Jimmy and his brother, Johnny, are throwing a baseball to each other in the hallway of their condo complex. Jimmy crouches down in a catcher position, waiting for his brother's infamous fastball. Johnny winds up and fires the fastest pitch he's ever made…straight into the light fixture above Mrs. Hudson's door. The brothers bolt off in different directions. Who gets to pay for the damage?

Fortunately, the condominium association has bare walls insurance coverage to cover instances like these. A condominium complex has certain communal features which are used by all of the residents. As such, the condo association will need to purchase coverage to cover the common elements; the insurance premiums are typically covered by the fees the condo owners are charged by the association for general maintenance and upkeep.

Everything is covered up to the...bare walls.

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