When you own a condo, you own part of the building you live in, not all of it. You share ownership of common space with the other owners in your association. Factors like these and others make it different than owning a house, which is why you need property insurance that’s designed for condo owners.
HUB can help you determine what coverage your association’s Master Policy provides and what you need to provide separately for your own protection. What parts of the building structure are your responsibility? Are you covered for damage by wind or flood? Are your contents covered at replacement cost? Where is liability your responsibility and where is it the association’s responsibility? Find out by talking to HUB International.