What Kind Of Home Insurance Do I Need For A Condo?
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482If you are a condo unit owner, then you should talk to your Insurance Professional about a Unit Owners' policy. This commonly covers your personal belongings to their full replacement value and also includes liability coverage. It is important to check your Association by laws in order to properly understand where the "Master Contract" which is the policy that covers the buildings themselves, leaves off. This is important to make sure that your policy is set up properly to avoid any dangerous gaps in coverage.Answered on May 20, 2014flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaCondominiums are usually covered under a form that is somewhat different from a homeowner’s policy. The condominium association is responsible for the exterior of the building and common areas. As a condominium resident you are responsible for the interior. That means that you need very little building coverage. The Condominium policy provides personal property coverage and liability coverage along with medical payments, loss of use and other coverages. Setting those limits is critical as the time of loss is not the time to discover that your insurance is inadequate.Answered on May 20, 2014flag this answer
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