If your oven breaks, who pays to repair it? What if a patio you share with fellow condo owners is wrecked by a snowstorm? If your condo is burglarized, who covers the cost to replace your stolen electronics? Fortunately, Esurance knows which things your Homeowners Association (HOA) is responsible for and which are up to you … with the help of your condo policy.
While your HOA doesn't pay to repair a broken oven, it also doesn't pay if, say, your gas range is the source of a fire that spreads and forces you to move out while repairs are made to your unit. Luckily, condo insurance does. That means your hotel bill and meals are covered until you can move back in.
Say you come home from a Devils game to find that your condo's been burglarized. Paying to replace everything that was stolen could very well drain your savings. Good thing your coverage helps pay to replace your belongings, so you don't have to pay a fortune to reclaim your stuff.