Insurance Coverage Q&A: Earthquake Damage on Bare Walls Condominium Policy
Discusses what coverage may be provided to individual unit-owners under a bare walls policy if earthquake damages the building.
By FC&S EditorsNovember 16, 2020 at 05:04 AM
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As a result of an earthquake a residential condominium insured under a Bare Wall policy suffered significant damages and may be considered a total loss. However, there are individual unit owners insured under Dwelling policies (DP1, DP2 or DP3) whose apartments did not suffer damages or have partial damages.
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