The Ins and Outs of Condo Insurance – NerdWallet
Unlike homeowners, condo dwellers don’t own the building they live in or the land it sits on. Your condo or homeowners association (HOA) will carry a master policy to insure the building and pay for accidents that occur on outside property or in common areas. However, your HOA might not pay to repair the inside of your unit after disasters, nor will it replace your damaged or stolen belongings …