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.

If the condominium is declared a total loss under the Bare Wall policy do we have to pay under the dwelling policies even if no damage to the unit is present?

Puerto Rico Subscriber

Continue Reading for Free

Register and gain access to:

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis