meaning of all inclusive coverage

all inclusive coverage meaning in Insurance Dictionary

among three approaches utilized for condominium coverage. Under the "all inclusive" or "all-in" coverage, the condominium relationship master policy addresses all genuine home in a residential condominium construction, including accessories in specific products and any structural improvements, betterments, or improvements that the individual device owner made. It offers protection to replace a product into the problem it had been in during the loss. With this process, the system owner accounts for covering only their or her personal home under the HO 6 or device owners form. The other two solutions to coordinate this protection would be the "solitary entity" coverage together with "bare walls" coverage. The condominium connection rules and covenants usually specify which approach is needed. See also Single entity coverage and Bare wall space coverage.