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As a condo owner, you’re likely aware that condo insurance provides similar protection to home insurance policies. However, there are some differences regarding interior and exterior coverage. While condo insurance covers external damage, as well as damage to common areas such as stairs and elevators, you’ll need to add dwelling coverage. Types of Dwelling Coverage There are two types of
A condo insurance policy is recommended for anyone who owns a condominium. However, if you are a first-time buyer, you might have lots of questions, from what it covers to what to look for and how it differs from homeowners insurance. Continue reading to find answers to the common condo insurance FAQs you may have. How Does Condo Insurance Differ
Condominiums, aka condos, are attractive investment opportunities for people who want to own property and share community amenities. If you don’t mind close neighbors and want to save money on buying a home, a condo might be the solution to your dreams. Here’s a look at the steps involved with buying a condo, which differs from buying a single-family home.