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What is Condoowner Insurance? A condominium combines the convenience of apartment living with the investment advantage of ownership. This form of ownership may create some unique insurance challenges. You insurance agent offer a policy specifically designed for individual condominium unit owners. Condo Unit Owner policy is for the customer who owns and occupies (at least part of the year) a dwelling unit in a structure owned and insured by a Condominium Association, a Townhome Association, a Cooperative, a Homeowner Association, a Planned Community or similar types of organizations. In many instances, the condominium/association entity assumes responsibility for insuring certain types of damage to the dwelling structure. When the condominium/association insures the structure, a unit owner policy is normally written to cover the unit owner. In other instances, the condominium/association does not insure the structure. In this situation, a homeowner policy would be written for the unit owner, just as it would be for an insured person with a conventional home.

Condoowners Insurance

What is condoowners insurance? Why do i need it? Differences with standard home insurance policy Insurance facts for condo owners