TMS

Time-shares

When insuring a time-share, you must comply with the Company’s condominium guidelines as well as its time-share guidelines. The time-share exception should be used when insuring the time-share unit and the appropriate exceptions for condominiums also must be used.

Exception

TMSX01 STG

Time-share Exception

This Policy does not insure against any loss or damage by reason of the hold over or unauthorized occupancy by other owners of an interest in the unit(s) and week(s) described in Schedule A, or by the association, the developer, its lessees or other third parties. The land insured hereby is an undivided interest and there is excepted from this property any rights, title or interest of the other tenants in common or those persons claiming by, through, or under them, including rights of ownership, possession, reimbursement and partition, and right of the United States to sell the land.
Comment: When insuring a time-share, you must comply with the Company’s condominium guidelines as well as its time-share guidelines. This exception should be used when insuring the time-share unit and the appropriate exceptions for condominiums also must be used.