Condo owners, just like homeowners, need to purchase insurance to protect their property and liability.
Below are three of the most frequently asked questions about condo insurance to help you get started.
1.
What's the Difference Between Condo Insurance and Homeowner Insurance? Insurance for condos is quite similar to insurance for homes; the real differences stem from whether you own or rent the condo.
To learn about the different kinds of coverage available for your rented or owned condo, talk with an insurance carrier that specializes in coverage for condos.
If your condo is part of a complex, you can also find out what's required when you talk to a member of your association.
2.
What Does Condo Insurance Insure? Coverage options vary depending on the carrier and policy, as well as on whether you own or rent the condo.
Some of the options you can find for your condo include coverage for:

• Your personal property.
  
• Loss of use of your possessions and/or structure.
  
• Personal injury sustained somewhere on the property (this applies to owners or renters of units that are part of complexes).
  
• Damage that occurs to commonly owned structures.
  
• Personal liability.
  
• Medical costs.
  

Note that these are just a few of the coverage options typically available; you'll need to talk to an agent to find out specifics about a particular carrier's options.
3.
Where Can I Find Condo Insurance? Most insurance carriers that offer homeowner insurance also offer insurance for condominiums.
Talk with other condo owners about the carriers they use and, if your condo is part of a complex, the complex's association might provide suggestions.