Aug 28, 2024
Safeguard Your Wallet: Condo Insurance and Special Assessment CoverageOwning a condo offers a unique blend of convenience and community living. But alongside the perks comes the responsibility of shared ownership. The building's exterior, common areas, and other elements are typically covered by a master insurance policy managed by the homeowners association (HOA). However,...
Aug 21, 2024
California Condo Insurance Coverage: 4 Things You Must Know to Protect Your InvestmentLiving the California dream often includes owning a piece of paradise – a condo with ocean views, a balcony overlooking a bustling city street, or a cozy haven in a vibrant community. But with the excitement of condo ownership comes the responsibility of protecting your investment. Let's explore 4...
May 06, 2021
All You Need to Know About Finding the Right Condo InsuranceFinding condo insurance coverage is generally seen as being more complicated than traditional home insurance coverage. While you research coverage, speak with your lender and go over your condo association guide. Your condo association guide includes a master policy. This policy notes the extent of coverage...
Apr 29, 2021
Will My Condo Insurance Policy Cover Water Damage?As a condo owner, the responsibility of insuring your unit lies with you, according to the NAIC (National Association of Insurance Commissioners). This means, if a leak in your condo causes water damage, it's typically your responsibility and not the HOA's (Homeowners Association). Does Condo Insurance...
May 24, 2018
How Condo Insurance Differs From Home InsuranceThe Difference Between Condo and Home Insurance A key difference between owning a condo or a home is that you're responsible for insuring. When you purchase a home, you're responsible for the interior and exterior, along with the land surrounding it. With condos, you're typically only responsible for...
