When people shop for home insurance, they are actually seeking not just one type of coverage but possibly several different varieties. Homeowners insurance, renters insurance, and condo insurance are all typically included within the category of home insurance. Whether you own the property that you live on or whether you are renting it short term, you need to have insurance coverage to guard against disasters and losses.
Homeowners, Condo, and Renters Policy
Home insurance has 3 basic categories:
1) Homeowners Insurance
2) Renters Insurance
3) Condo Insurance
Whether you own the property that you live on or whether you are renting it short term, you need to have insurance coverage to guard against disasters and losses.
Homeowners, Renters and Condo Insurance Explained
Homeowners insurance is for people who own and reside in a single family dwelling. It covers the dwelling, the property where the dwelling is located and the additional structures like a detached garage that may be on the property. It also includes liability coverage in the event that for example someone were to injure themselves on your property.
Renters insurance is designed to protect your belongings (personal property), and also includes liability coverage to protect you in the event that an incident occurs for example if you were to damage something at the rented premises.
Condo insurance is homeowners insurance for a condominium, but with a couple key differences. When you own a condo you are generally only responsible from the unit’s perimeter walls and inwards. The condo association usually would be responsible for what is behind the walls and the entire premises. So, condo insurance insures what is in your unit i.e. flooring, cabinetry, appliances, fixtures,etc. Like homeowners and renters insurance there is a liability portion with condo insurance.
You may be very surprised to see the range of prices you’ll get in home insurance quotes. However, it is important that you get quotes only from reliable top carriers. We will give you the power to compare all the best policy options conveniently at home!