Understanding the Different Types of Condo Insurance

When purchasing condo insurance, it is important to understand how your policy works and how much coverage you need. You will find that most condominiums have a master policy that covers the structure of your unit, walls, floors, ceiling, appliances, and other fixtures. The master policy is usually in place to protect the property that is owned by...

There are two types of condo insurance policies. Personal property coverage and dwelling coverage. The former covers the damage done to the condominium's contents in the event of a fire or other disaster. The latter protects personal property against loss of use and liability claims for bodily injury or damage to property. However, there are some...