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Both co-op and condo home insurance usually include coverage for liability and additional living expenses, though, just like a homeowners policy. Condo unit owners and co-op shareholders may want ...
The 2021 Surfside, Fla., condo collapse was a turning point that made coverage harder to keep, particularly for condo associations, Bauman said. Insurance issues have also affected HOAs made up of ...
The most common type of homeowners insurance policy is the standard HO-3 Special Form policy. ... Condo policies also typically include some dwelling coverage, as condo owners may be responsible ...
The remainder had the HO-6 Unit-Owners policy, also known as a condominium insurance, which is designed for the owners of condos and includes coverage for the part of the building owned by the insured and for the property housed therein.
Piecing together the puzzle that is a condominium insurance policy can be tricky. As a condo owner, your insurance needs differ from those of a single-family homeowner. Understanding those ...
A homeowners insurance policy is likely one of the best and most affordable ways to protect your property financially. ... also known as condo insurance, typically cover the interior of your unit ...
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