For those who wish to start building home equity but don’t yet want the full responsibility of home ownership, a condo is a good step between renting an apartment and buying a house. You get to own a piece of property, but the Condo Association takes care of the grass, community amenities, roof, foundation and other external features. 
In many cases, you’re required to pay a fee to the Condo Association, which goes toward maintaining and insuring the property. But while the Association insures the building as a whole, that coverage does not often cover anything inside the exterior walls. More often than not, condo owners are responsible for insuring their units from the sheetrock in.
But is the interior of your condo really important enough to purchase your own coverage? Absolutely! Storms and other risk factors can cause damage to flooring, cabinets, fixtures, built-in appliances and more. Not to mention, your possessions—furniture, artwork, clothing, electronics etc.—need protection as well. In fact, most condo insurance policies offer protection in three main ways.
- Condo insurance protects your property, as discussed above, from fire, severe weather, theft and vandalism.
- If your home becomes uninhabitable after a covered loss, condo insurance can cover temporary living expenses while repairs are made.
- Condo insurance protects visitors in the event they get injured or suffer property damage while in your condo. This also benefits you, as you would otherwise be responsible for paying the costs.
As you can see, condo insurance provides valuable coverage that’s worth your consideration. Plus, it’s often more affordable than home insurance because you’re covering less. Call your independent insurance agent today to get a free quote om condo insurance.