One of three approaches used for condominium insurance coverage.
Under the "all inclusive" or "all-in" coverage, the condominium
association master policy covers all real property in a residential
condominium structure, including fixtures in individual units and
any structural improvements, betterments, or additions that the
individual unit owner has made. It provides coverage to replace
a unit to the condition it was in at the time of the loss. With
this approach, the unit owner is responsible for covering only his
or her personal property under the HO 6 or unit owners form. The
other two methods to coordinate this coverage are the "single entity"
coverage and the "bare walls" coverage. The condominium association
rules and covenants typically specify which approach is required.
See also Single entity coverage
Bare walls coverage.