Condominium insurance provides coverage for your unit where your condominium association insurance stops. Your association typically insures the building and other common areas. You are responsible for the interior of your unit. Typically you need personal property and liability coverage. In addition to coverage for your floors, walls, cabinets and fixtures that your association's insurance probably will not cover. Every association's insurance policy is different regarding what each unit owner is responsible for, so it is important to review your association policy and condominium by-laws carefully.
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Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com - Austin, TX
Realtor,Mediator,Ombudsman,Property Tax Arbitrator
I always advise my clients to get intereior coverage, and you would be amazed at how many people just don't do it.
Aug 11, 2009 01:34 PM
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ActiveRain Community
over 16 years ago
Questions and answers From President and C.E.O Duane Myers of the M&C Insurance group. Sharing over 25 years of my direct experience and knowledge of insurance policies and coverages. Serving New jersey, Delaware and pennsylvania. www.MandCinsurance.com
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