Does your homeowners association policy cover your belongings? What happens if there's damage to a common area in your building? Condo insurance is a simple solution to many of your coverage needs.
A defense against damage and theft
No condo unit is an island, but if you're ever burglarized or have your belongings damaged (even by a well-intentioned friend), you can feel a bit isolated financially. Fortunately, condo insurance exists to help you get back on track by paying to repair or replace your things following theft or covered damage.
Personal liability coverage
Even the friendliest game of sand volleyball could result in a not-so-friendly injury and possibly a lawsuit. But condo insurance actually covers your legal fees and the injured party's medical bills, so you're not left having to pay thousands or more out of pocket.