What Is New In Condo Insurance For 2010?
If you have recently purchased a condo, or are looking to purchase one, there are things that you should know about living in a condo that makes it very different than a home. Because of these differences, condo insurance is also very different. Knowing what the differences are can save you financial and emotional heartbreak should the worst happen.
A condo complex will usually have insurance through the condominium corporation and you may think that you are covered by that. This is definitely not the case. The insurance held by the corporation will not cover the contents of your condo. Only the items which are owned by the condo corporation are covered by the condo corporation policy.
