Condo insurance works slightly differently than a standard homeowner insurance policy. Since the property manager is generally responsible for the outside of the unit as well as the surrounding grounds, these policies can cost owners less.
The policies are used to protect owners against general losses and repair costs for their unit. Condo insurance can often provide protection for theft, vandalism, fire damage, water damage, and more. In short, condo insurance protects the interior of your condo and your personal belongings if they are ever damaged or stolen.
Like standard homeowners insurance, a condo insurance policy should also cover you in case something happens within your home involving another individual (Ex: a person not directly covered by the policy is hurt within the property).
Wondering where to get started? We’re here to help. Learning the difference in policy programs can take some time, but our experts are ready to assist you by going over your general protection needs and selecting the insurance product to match. Call today for a consultation and receive a FREE quote!