Under the Condominium Association Coverage Form, improvements and betterments, fixtures, and appliances are covered as building property if required by the association agreement.

Under the Condominium Association Coverage Form, improvements and betterments, fixtures, and appliances are covered as building property if required by the association agreement.

• A. True
• B. False
• C. Only fixtures
• D. Not covered

Answer: (A)

In the Condominium Association Coverage Form, building property can include improvements and betterments, fixtures, and appliances when the association agreement requires them to be part of the building. The master policy covers the building and its fixed components, so if the association contract designates certain improvements or fixtures as building property, they’re insured under the building property portion of the policy. This helps ensure that enhancements that are part of the building—not personal property of a unit owner—are protected, as dictated by the association agreement. Therefore, the statement is true.

In the Condominium Association Coverage Form, building property can include improvements and betterments, fixtures, and appliances when the association agreement requires them to be part of the building. The master policy covers the building and its fixed components, so if the association contract designates certain improvements or fixtures as building property, they’re insured under the building property portion of the policy. This helps ensure that enhancements that are part of the building—not personal property of a unit owner—are protected, as dictated by the association agreement. Therefore, the statement is true.