Essential Insights on Condo Insurance for Yum Brands Employees: What You Need to Know Before You Buy

Healthcare Provider Update: Yum Brands employs Cigna Healthcare as their healthcare provider, offering various health insurance plans and services to their employees. As we look towards 2026, healthcare costs are anticipated to rise significantly across the United States, with some states projecting ACA marketplace health insurance premiums to increase by more than 60%. Factors contributing to this trend include the potential expiration of enhanced federal premium subsidies and escalating medical costs, with many insurers citing an average medical trend increase of 7% to 10%. This combination could lead to substantial out-of-pocket expenses for thousands of employees, including those at Yum Brands, as they face the looming specter of higher premiums and reduced financial assistance. It's essential for employees to prepare by evaluating their healthcare options carefully and considering their financial situation. Click here to learn more

Yum Brands 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 Yum Brands 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 Yum Brands 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. Yum Brands 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, Yum Brands 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.