Condo Owner's coverage, often referred to as an HO-6 policy.
When you own a condominium or townhome, you pay dues to a condo association. This money goes toward maintaining shared common areas such as exercise facilities, swimming pools, and parking lots etc. The association may also be responsible for maintaining the exterior of all units and landscaping. The association dues you pay help to cover the master insurance policy that covers the structure and common areas.
Not every master policy is identical. As an example, let's say a unit owner had damage to their sliding glass door.
Such an example may be included in the master policy or excluded depending on the insurance purchased by the association.
It's important to be familiar with how the master policy would cover damage to your unit.
Nevertheless as a unit owner you are responsible for covering everything within your unit. This includes floors, interior walls, and ceilings. Blue Bridge is a great condo insurance resource to help ensure the right fit for coverage and price.
Blue Bridge Insurance Agency LLC
300 Washington Ave Suite 100
Grand Haven, MI 49417