Condo PolicyOwning a condo is great. Rather than owning a home or renting an apartment, a condo is the right fit for many people. Condos are unique and with that, comes a unique type of insurance called Condo Insurance.
What does a Condo Policy cover?
Condominium associations and law determine exactly what's covered under the association's master insurance policy.
In most cases, the association's coverage stops at the exterior walls. You would be responsible for the interior walls as well as your personal property and liability. Most condo policies will cover the following:
- Fire or Lightning
- Vandalism or Malicious Mischief
- Accidental Discharge of Water