Tag: Condo Insurance

How Is Condo Insurance Different From Homeowners Insurance?

Whether the space you live in is a condo or a house, if you own your own home, you need insurance. Property owners are responsible not only for what happens to their property, but also for what happens to visitors on the premises. However, a condo is not the same type of structure as a house, and there are key differences between homeowners insurance and...

Be Careful When Setting Up Condo Insurance

Hello, everyone. We just ran into a serious claims issue regarding our client’s condo insurance policy. In a nutshell, our client experienced a fire and suffered significant damage to his condo unit. When the insurance adjuster met with the condo association to coordinate the repairs, it was determined that our client was underinsured by about $25,000. That’s a problem! Although the insured value of the...