Our Condo Admin. Wants us to buy Insurance. Replacement cost, but will pay for all other major repairs. We have read here that it's available and a lot of Condo Asso. have it. Our question is does it ever pay out or is this another scam? Example, Are they settlement cracks or caused by earth quake? It's hard enough to get money out of Ins. companies in the US. Do they really pay off here?