Condo associations straddle the line between landlords and homeowners’ associations. They’re responsible for maintaining the grounds and shared spaces while granting owners freedom over the interior of their condos. However, with this balance comes some confusion over the responsibility of each party when it comes to liability risks and damages. To determine what you’re responsible for, you must first determine what your condo’s master insurance policy covers. [Read more…]
How Are Condo and Renter’s Insurance Different?
April 16, 2018 by
Whether you own a home, a condo, or rent either one, insurance is necessary to financially help protect you and your belongings in case of a disaster. However, choosing the right insurance for your needs can be a challenge, especially with all the options out there. If you don’t have the right policy, you may not be covered when you need it. So, in order to be properly covered by insurance, you must understand how condo and renter’s insurance are different. [Read more…]
