What are Condo Additions and Alterations?

By parkinsonins

Condo Additions and Alterations, also known as Building Improvements are the fixtures from the inside walls in that make the unit livable. They include but are not limited to the Cupboards, Counters, Sinks, Toilets, Flooring and Light Fixtures. Sometimes depending upon the homeowners association’s master insurance policy they may be the upgrades, granite instead of…

What is Replacement Cost Extension?

By parkinsonins

Before the 1994 Northridge Earthquake most insurance companies in the state of California offered Guaranteed Home Replacement Cost coverage. This meant that if certain conditions were satisfied, your home would be rebuilt (using materials that were of like kind and quality), no matter what the cost was. If your home was insured for $250,000. 00,…