By Catherine Powell
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| Image courtesy Pixabay |
If you own a condo you most likely have
condo insurance. Many people think that
condo insurance and homeowner’s insurance are one and the same. This couldn’t be further from the truth. While both insure the structure and contents
of a home, there are a number of differences between the two. The good news is condo owners for the most
part pay less for their insurance than do homeowners, for the simple reason
that condos are partially owned by the owner and partially by the condo association. However, to properly insure a condo and
protect the property that condominium owners do possess, it’s important that
you understand what condo insurance can and can’t do.
