Damaged belongings and a break-in aren't things anyone wants to think about, but sometimes these disasters happen. And if they do, it's good to have condo insurance in your corner.
Say a fire damages your entire building, forcing you out of your unit temporarily. Your HOA is responsible for the building, but what about your hotel, meals, and other reasonable expenses? Not only does condo insurance take care of interior repairs to your unit, but it also pays for additional living expenses while your condo is being repaired.
Theft and damage
If you come home one afternoon to find that your condo has been turned upside-down and more than a few valuables are missing, how do you recover? Fortunately, your condo policy covers stolen items, so you're not stuck paying out of pocket to replace your belongings.