What does the Condominium Association Form insure against?

The Condominium Association Form is designed to provide coverage specifically for the physical structures of condominium buildings and common areas. This type of insurance protects against direct physical loss or damage caused by various perils, such as fire, theft, vandalism, and certain natural disasters.

By insuring the buildings, the form ensures that the condominium association can cover repair or replacement costs, thereby safeguarding the investment made by unit owners in their property. This type of coverage is crucial, as it helps maintain the integrity of the structure and the safety of residents.

In this context, while loss of rental income, personal injury liability, and workers' compensation claims are significant aspects within the broader insurance field, they do not specifically pertain to the main function of the Condominium Association Form, which is to focus on protecting the buildings against physical damage.