Condo owners insurance is designed for individuals who own and live in a condominium. This is a policy which packages the following insurance coverage:
- Property damage to that portion of the condominium which you are responsible for maintaining and repairing
- Damage to your contents.
- Additional living expenses if you cannot live in your home because of covered damage (rent, food, utilities, etc.).
- Personal liability.
You can also obtain coverage for assessments by your condominium association for damage to communal property.