The insurance you pay to your Condo Association is to pay for the Condo Corporation’s Insurance Policy. The Condo Corporation’s Insurance covers the exterior of the building and common areas, but doesn’t cover your property, liability, or anything inside your condo, including in some cases damage from exterior leaks.
Think about it like a jewelry box. The wooden box itself is covered by the Condo Corporation’s Insurance policy. On the other hand, the velvet lining and emerald earrings inside are your responsibility to insure. The trouble with condos is, figuring out what’s wood, and what’s velvet.
You can find out how condo Insurance protects you below or discuss your coverage with one of our expert defenders. You can do that do that by giving us a call at 1-888-298-7343 or,