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If you live in a condo, you can count on the homeowners association or condo to insure the building, but it won’t help if your personal property is destroyed by fire or stolen. For these and other potential disasters, you will need to get a condo insurance policy, which is also known as HO-6 insurance. […]
Category Archives: Condo Insurance
17
May
May
Condo insurance covers certain parts of a condominium unit. This type of insurance works together with a policy purchased by the condo’s management, usually called HOA insurance or a master policy. If you own a condo or townhouse, then you may need to consider purchasing a condo policy. Mortgage lenders may also require you to […]
16
Mar
Mar
If you live in a condominium, you may consider getting condo insurance. It covers a wide variety of damaging events that could result in losing your possessions. Even with its great coverage, it doesn’t cover everything to the fullest extent, and some occurrences aren’t covered at all. Condo insurance covers these, but not always in […]
30
Oct
Oct
Condo insurance covers your liability, protects your belongings, and insures everything in your unit that is not already covered by the master (association’s) policy of the building. The master policy from the management or building association covers only the structure and common spaces. This will include the elevator, walkways, boiler, roof basementWhile some policies will […]
30
Oct
Oct
If you just bought one or are looking into a condo you may be wondering which insurance you need to protect your home. Here is a comparison: What is Homeowner’s Insurance? Homeowner’s insurance has a few different types based on the home you live in. If you own your house, you will have HO-1, HO-2, […]