Understanding Condominium Insurance
Living in a condo has many advantages like having freedom from maintenance that you may not feel like doing yourself. But, the association can’t take care of everything, so that’s why Condominium owners need Condo Insurance to pick up where the association leaves off. State law and the articles of the condo association usually outline what is covered and in most cases, the coverage stops at the outside walls. This means that you are responsible for the interior walls, fixtures, personal property, and liability.
What is Covered Under Condominium Insurance?
Condo insurance coverage protects your belongings within your living space; this includes appliances, kitchen and bath facilities, furniture, and personal items. A condo insurance policy can also cover upgrades you make like improved flooring, light fixtures, window coverings, and cabinetry.