Essential Insights on Condo Insurance for Paramount Global Employees: What You Need to Know Before You Buy

Healthcare Provider Update: Healthcare Provider for Paramount Global Paramount Global primarily offers healthcare benefits through its arrangements with major insurers. Employees often access health insurance through the Affordable Care Act (ACA) marketplace as well as employer-sponsored health plans, provided by companies like UnitedHealthcare, which is among the top insurers in the nation. Potential Healthcare Cost Increases for 2026 As premiums for Affordable Care Act (ACA) marketplace plans are projected to surge in 2026, employees of Paramount Global should brace for a significant rise in healthcare costs. Some states may see increases exceeding 60%, driven by a combination of expiring federal subsidies and escalating medical costs. Without congressional intervention, nearly 92% of marketplace enrollees could experience premium hikes of up to 75%, placing added financial pressure on employees reliant on these plans. It is crucial for workers to stay informed and consider their options carefully to mitigate the impact of these potential increases. Click here to learn more

Paramount Global employees may benefit from understanding how the ownership structure of a condominium unit is different from that of a single-family house. Here’s what you need to know when purchasing insurance for your condo.

1. Understand the Master Policy

For Paramount Global employees worried about condo insurance, since the ownership of all common areas is shared with other condo owners, the association of owners typically purchases insurance coverage (a master policy) for the common areas, e.g., hallways, exterior walls, etc. The condo association’s policy will outline what is covered and what is not.

2. Three Types of Coverage

There are three basic types of coverage under a master policy that those employed at Paramount Global should be aware of.

• Primary buildings and common areas
• Your unit and any items within your unit, other than personal belongings
• Building, unit, and any fixtures

The individual coverage you may consider depends upon the scope of coverage of the master policy. Paramount Global employees should also try to determine what is and isn’t covered under the master policy – this can influence the coverage you may need.

3. Know the Master Policy Deductible

Generally, an association’s master policy has a deductible that is charged pro-rata among unit owners in the event of a claim. Determining that obligation is important because while it may never materialize, it could represent a meaningful financial commitment.

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4. Consider Additional Coverage

Similar to any homeowner, Paramount Global employees will need to make decisions about other coverage options, such as cash value or replacement coverage, adding personal liability coverage, and whether flood insurance may be appropriate.

Several factors will affect the cost of condo insurance, including the insurance coverage provided by the homeowners association. You should consider the amount of your deductible and level of coverage before purchasing a condo insurance policy. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments.