4 Insurance Types that Protect The Condo You Own

Condo owners need insurance to protect their investment. In this article, we look at four types of insurance that protect condos: title insurance, mortgage insurance, condo owner insurance, and condo corporation insurance. It's a common misconception that a condo corporation's insurance policy covers everything, but individual coverage is still necessary. Individual condo insurance protects against condo upgrades, unit contents, third party liability, theft from your condo unit, locker contents, special insurance assessments, and additional living expenses.