Condo insurance is a type of Homeowners policy designed specifically to protect for losses to your interior space and belongings. Unlike a standard Homeowners policy, a condominium owner is not responsible for the exterior of the building. The cost of insuring the exterior is shared by you and your fellow condo owners. The premiums for the exterior parts of the building are generally covered by your dues that you pay to your homeowners (condo) association.
Not only does your condo policy cover the interior parts of your condo and personal possessions but also provides liability coverage. Just like other homeowners, condo owners can be held responsible injuries to guest accidentally injured in your condo. Coverage can also exist for injuries or damage you may cause away from home. For example, if you dog bites someone.
Here at Pohanka we have some world class Condominium programs, some designed specifically for waterfront properties. Actually, we love insuring all types of waterfront properties. When others say no, we say yes.