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The Ins and Outs of Condo Insurance

Condo insurance can be tricky to understand – it’s not quite like homeowners insurance, but not quite like renters insurance either. This article from Nerd Wallet can help your family better understand areas where you may already be covered by your homeowners association’s master policy, as well as the areas where you will need to get your own coverage. 

Unlike homeowners, condo dwellers don’t own the building they live in or the land it sits on. Your condo or homeowners association (HOA) will carry a master policy to insure the building and pay for accidents that occur on outside property or in common areas. However, your HOA might not pay to repair the inside…

The article The Ins and Outs of Condo Insurance originally appeared on NerdWallet.

Read the source article at Compare Best Credit Card Offers

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