Though owning a condominium is not dissimilar to owning a standalone home, there are some key differences that can impact not just your living conditions, but also your insurance policy. There may be by-laws you have to abide by. There are likely to be large common areas. And you will share walls, roofs, and other infrastructure with other residents.
These factors mean that while your homeowners insurance policy is designed to properly protect your investment in your condominium, not all policies are created alike. It’s best to consult with an independent insurance agent to ensure your coverage fits your unique situation.
To learn more about this type of insurance and how it might fit into your life, contact JF Murray today to schedule a consultation.