Condo Insurance is usually cheaper than regular homeowners insurance.
When you live in a Condo you need Condo Insurance instead of regular homeowners insurance and the Condo association should have their own insurance policy that covers damages to the building itself as well as outdoors and other common areas of the condo.
Condo Insurance can be as cheap as $100.00 per year or as high as $400.00 to $500.00 pear year.
Condo Insurance typically covers interior damages and theft of possessions or damage from a fire.