Physical Damage

Various forms of physical damage can occur, illustrated by the example of an unforeseen fire erupting in the utility closet, leading to substantial harm to the building.


Ensure that your condominium owner, association, or corporation maintains a comprehensive policy that addresses the risk of physical damage. Understanding the policy's inclusions and exclusions is crucial, as coverage may vary from encompassing the building's structure alone to extending to elements like floors and walls.

Note: Actual policies must be consulted for specific terms and conditions.

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