condo insurance

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5 Reasons That You Need Condo Insurance

You might think that the condo insurance that the association provides is enough protection for your condo, but it’s not. In fact, if you have a mortgage on your condo, your mortgage lender will require that you have at least some coverage of your own. [sc_content_link label=”Get today’s insurance rates.” cat=”home”] Condo associations may provide […]

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What Does Condo Insurance Cover?

If you own a condo, it’s important to have condo insurance. This is different from the association’s insurance, or the master policy. The master policy covers things like the roof on all condos in the development, as well as any shared or common areas. Some master policies do cover the structure of each condo unit, […]

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How is Condo Insurance Different From Homeowners Insurance?

When you buy a home, your lender will require that you purchase homeowners insurance. What if you purchase a condo, though? Do the same rules apply? The rules are similar, but slightly different. When you purchase a condo, you share everything except the interior portion of your condo. Because of this, you don’t need a […]

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Condo Insurance: Reinforcing Your HOA Coverage and Your Own Protection

You can leave it to your homeowners association to get coverage for your condo’s external premises and amenities. But as to the personal property inside your unit, it’s safer to have your own condo insurance. Condo insurance works like a typical homeowners insurance in the condominium setting. It gives protection against forces of nature and […]

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Is an HOA Responsible for Alligators?

It’s no secret that there are often grey areas when it comes to homeowners associations. Often it’s not completely certain who covers contents insurance, for example. Still, it’s not often that an HOA is accused of being responsible when someone is killed by a wild animal. Nevertheless, that’s what’s happening in Georgia. The heirs of […]

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Friday Filmstrips: Condo Insurance

We all know that owning a condo isn’t quite like owning a detached home, but it’s not really renting, either, so is it any wonder that condo insurance is somewhere between homeowners insurance and renters insurance. After all, some things are your responsibility, while others are the responsibility of your Homeowners Association. In this week’s […]

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