The biggest single investment most people in their life make is buying a home, condo, or townhome. What you want to do is protect your home, personal property, and any liability with a homeowner’s insurance policy.

Homeowners insurance simply doesn’t cover homes, but it does cover renters of houses, apartments, condos, and townhomes. These homeowners policies are listed in homeowners policies for renters. If you are a tenant, you will not need protection against damage to the building itself, but you will need protection against damage or theft of your personal property and any type of liability in case someone falls or is injured by the premises. What do you rent?

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

You, of course, would be protected with homeowner’s 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.

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

It is very important to check with your Condo or Townhouse Association what exactly is covered by the Condo Association and what is not exactly covered with respect to the entire structure of your condo.

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