One of three approaches used for condominium insurance coverage. Under a “single entity” approach, the condominium association master policy covers virtually all real property in a residential condominium structure, including fixtures in individual units. Note that this coverage does not include any structural improvements, betterments, or additions that the individual unit owner has made. With this approach, the unit owner is responsible for covering only his or her personal property (along with any improvements or betterments) under the HO 6 or unit owners form. The other two methods to coordinate this coverage are the “bare walls” coverage and the “all inclusive” coverage. The condominium association rules and covenants typically specify which approach is required.


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