Condo Insurance: Must-Know Information Purchasing a condominium is a great way to save money while still getting to enjoy more space than an apartment yields. However, many condo owners are misinformed when it comes to the proper way to insure the unique nature of their home. The last thing we want is for your condo…
What You Need To Know About Condo Insurance Owning a condo allows you to have more room than living in an apartment, without having to deal with the hassle of tons of yard work. Since condos are a special category of the real estate market, they have special insurance requirements. When you buy a condo,…
When insuring a condo or co-op, check your documentation to ensure that you are complying with condo by-laws. Your agent can review your paperwork. Questions to answer: What parts of the condo are you responsible to insure? What is the potential for loss assessments? At what value does the association insure common property? What is…