Condo Insurance Protection
Your condo, regardless of style, will have a condo association insurance policy that covers the building, property and common areas but it does not protect your personal belongings, liability or improvements you’ve made to your unit.
Condo insurance is a type home insurance that provides coverage for your belongings as well as any improvements you may make to the unit you own. It also protects you if you or your guest were to cause accidental damage to your unit or the entire building.
What makes condo insurance unique is that all owners may face a share of the responsibility and costs, whether it was your fault or not, if your condominium corporation is underinsured or if there’s damage or an injury in the buildings common areas. Your condo insurance will respond and protect you in these instances.