Homeownership should give you a sense of security and peace, no matter where you live. If you own a condo, condo insurance can provide that sense of comfort and confidence. While the condo association’s master insurance policy generally covers the main structure and common areas, some things are considered a homeowner’s responsibility. condo insurance helps protect against losses and repair costs for a condominium unit, in the event of theft, vandalism, fire damage, water damage, and more. You will also have liability protection for bodily injury or property damage to others. If you are new to homeownership, this IG will tell you in detail about everything you need to know about condo insurance and why it is necessary.
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