Master Policy

A type of insurance policy secured by a condominium association to cover "common" areas such as landscaping, passageways, parking areas, amenities, basement elevator and walkways for both liability and physical damage.

Other users also searched for some of the following glossary words and FAQs.

Similar Glossary Words

• Master Policy
• Master Bedroom
• Renter's Policy
• Condominium Unit Owners Policy

Similar FAQs

• Do I need a condominium policy if my condominium association has a master policy for the complex?