Aug 28
Condominium-living offers a few obvious advantages: no lawn mowing, no painting window frames or cleaning out gutters.
But it places other burdens on property owners–chief among them is property insurance. A standard homeowners insurance policy for a single-family home typically covers the physical structure of the home, the property on which the house sits, as well as the property within the home.
Condominium or co-op “master” policies
Homeowners insurance is more complicated with condominiums. To ensure top-to-bottom protection for your real estate investment, you will likely need a separate insurance policy to cover the gaps in the condominium association’s “master” policy.
Tags: Condo
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