One of the biggest differences between condo insurance and homeowners insurance is how much the policy needs to cover.
Homeowners have more expensive property values and structures they need to protect. A homeowners insurance policy covers both the interior and exterior of the home, including the furniture, walls, sheds, garages, and sheds.
A condo insurance policy works together with the building’s master insurance policy and covers the interior of your unit. Condo insurance provides liability coverage and protects your personal property within your unit, while the master policy covers all the building’s communal spaces.