Why you need condo insurance? To protect what you own. Your condo association’s insurance master policy isn’t enough. It most likely only covers the building you live in, not the inside of your home or your personal property.
- Protect yourself: In the event of an accident occurs in your condo, guess who might be held responsible? You! Condo insurance protects your personal belongings and liability coverage to protect you.
- To ensure you have somewhere to live: If your place gets damaged and you are unable to live there, a condo policy can help pay for temporary housing.