What kind of insurance do condo owners need?

+1 vote
asked May 12, 2019 in Insurance by estellefv4 (240 points)
What kind of insurance do condo owners need?

1 Answer

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answered May 12, 2019 by Grahlu (51,270 points)
When you buy a condo and need to get insurance for the condo you would shop around for condo insurance instead of homeowners insurance.

Most insurance companies online will have an option for shopping for condo insurance instead of homeowners insurance so select condo insurance when looking for insurance to cover the condo you're buying.

Your condo insurance should cover any damage to your property inside the condo as well as the interior portion of your condo.

The main condo owner who owns the property and the actual building should have building insurance on the condo which is kind of like homeowners insurance.

You can also look for a walls in insurance policy for the condo as some insurance companies may have the condo insurance under a different name.

If you need to call and ask the insurance company about condo insurance and they will steer you in the right direction.

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