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Determining Coverage A on an HO-6 Condo Policy

Question: "Can you provide a good rule of thumb for determining the Unit Owners Coverage limit on an HO6? Most clients have no idea how to determine the limit they need. I recall attending a CIC seminar several years ago where they provided a rule of thumb...I believe it was take 60 or 70% of the purchase price and use that as the limit."

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