What’s Covered By A Condo Association’s Insurance Policy?

Part of the appeal of owning a condominium is that, unlike a home, the condo owner is likely not solely responsible for maintaining everything inside and out. Typically, the condo association oversees the management of the day-to-day maintenance of the building’s structure and other shared spaces on its property.  That’s not to say you’re without any responsibilities as a condo owner. Take insurance, for instance. While the association likely has a “master policy” to help protect the building against certain risks, it typically doesn’t safeguard the interior of your place. You’ll likely need your own insurance to do that.  Here’s some general information about what an association’s insurance policy may include, so you can take steps to help protect your own condo and your possessions inside.     Read the article……………