Living in a condo has its good points and its bad points. One of those good things is you don’t have to worry about maintaining the lawn. The bad point is that you share some of your walls with your neighbors. One thing that doesn’t have to be a bad thing is condo insurance. Below are answers to some of the most frequently asked questions about condo insurance.

What is condo insurance?

Condo insurance protects you from paying out-of-pocket costs if something happens with your condo. Different types of condo insurance cover different things, such as the inner structure, personal effects, and liability.

Why is condo insurance important?

Condo insurance is important because it protects you from losing thousands of dollars if something goes wrong, like a fire, natural disaster, or someone gets hurt on your property.

What does condo insurance cover?

Some coverage types available for condo insurance are dwelling coverage, loss of use coverage, personal effects coverage, and liability coverage.

How much condo insurance do I need?

It depends on a few different factors. The HOA has its own coverage, but it depends on what they cover as to what you will need coverage for. Some communities require you to have insurance coverage for the shared areas and dwelling coverage.

Does condo insurance cover personal injury?

If you are referring to the injury done to yourself or your family members, then no condo insurance does not cover personal injury. Condo insurance only covers injury to another person outside your household caused by you or another family member.

Contact Insurance Over Texas

If you have more questions, we would be happy to chat. Please stop in or contact us at Insurance Over Texas in Houston, TX.