Bare Walls In Policy

What Does Bare Walls In Policy Mean?

A bare walls in policy is a type of property insurance that is commonly purchased by people who live in condominiums. It provides coverage for the walls and structure of the property, as well as things like sinks, cabinets, and refrigerators. It differs from a bare walls policy, which only covers the walls and structure.

Insuranceopedia Explains Bare Walls In Policy

When a substantial loss occurs, such as a major fire, it can make an important difference what kind of bare walls policy the insured has. If the policy is bare walls only, they will not be able to file a claim for the fixtures and appurtenances in their condo unit. They will have to pay out of pocket to replace everything but the walls themselves.

If, however, the insured has a bare walls in policy, they will be compensated for the loss of cabinets, light fixtures, sinks, bath tubs, and other major components of their condo units.