The single largest investment most people make in their lifetime is buying a house, condo, or townhouse. What you want to do is protect your home, personal property, and any liability with a homeowners insurance policy.

Homeowners insurance simply doesn’t cover houses, but it will cover those who rent houses, apartments, condos, and townhomes. These homeowners policies are referenced in the renter’s homeowners policies. If you are a renter, you will not need protection against damage to the building itself, but you will need protection against damage to or theft of your personal property and any type of liability in case someone falls or is hurt by part of the property. what do you rent

A condominium or townhome owner can also purchase a homeowners policy to insure against loss of personal property. Condominium and townhome owners are also responsible for the interior of the condominium or townhome. You are not responsible for the exterior structure, but the walls and interior structure are your responsibility.

You would, of course, be protected with homeowners insurance in the event of theft or liability in the event someone is injured in your condo or townhome. You would also be liable if you cause, for example, water damage to someone’s condo who may be below you.

Condominium or townhome owners may purchase homeowners policies that may also include any additions or alterations not insured by the Condominium Association.

It is very important to check with your Condominium or Townhouse Association what exactly the Condominium Association does and does not cover with respect to your entire condominium structure.

Then, sit down with your insurance agent before you buy a policy to make sure you’re adequately covered if there’s fire damage inside your home, water damage, roof damage, or any type of damage you’re not sure is covered. covered by the Condominium Association.