To what extent does "Coverage A2 - Loss Assessment" in a Condominium Unit Owners Comprehensive policy cover an assessment against a unit owner? Any covered assessment made by the Condominium Corporation, as additional insurance up to the limit specified on Unit Improvements and Betterments. Any assessment made by the Condominium Corporation as a contribution to cover the deductible in the Condominium Corporation's insurance. Any covered assessment made by the dominium Corporation up to $10,000 or the limit specified in the Unit Owners policy declarations. Any assessment not exceeding $25,000, made in respect of any losses sustained by the Condominium Corporation.
To what extent does "Coverage A2 - Loss Assessment" in a Condominium Unit Owners Comprehensive policy cover an assessment against a unit owner? Any covered assessment made by the Condominium Corporation, as additional insurance up to the limit specified on Unit Improvements and Betterments. Any assessment made by the Condominium Corporation as a contribution to cover the deductible in the Condominium Corporation's insurance. Any covered assessment made by the dominium Corporation up to $10,000 or the limit specified in the Unit Owners policy declarations. Any assessment not exceeding $25,000, made in respect of any losses sustained by the Condominium Corporation.
Chapter27: The Federal Gift And Estate Taxes
Section: Chapter Questions
Problem 16DQ
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