Why Buy a Condominium or Town home?
Condos are an appealing way to own a residence if the cost of a single-family home is out of reach. Unlike most single-family homes, condos offer a lifestyle that is free of yard work and exterior maintenance and repairs. Many condominium communities also offer amenities such as party and exercise rooms, swimming pools and rooftop terraces that you might otherwise be unable to afford if you purchased a single-family home. About Condo Insurance. The condo association has a master insurance policy that covers the outside of the building’s structure, including the roof and common areas such as pools and sidewalks. The association’s master policy does not insure the inside of your unit or any of your personal belongings. You will need condo owners insurance to cover things like additions, alterations, wall fixtures, floor and ceiling of your unit, personal belongings and personal liability (pays for damage or injury you accidentally cause to others for which you are legally responsible for
