Buying a condo? What you need to know about insurance - The Cincinnati Insurance Companies blog

Buying a condo? What you need to know about insurance

Buying a condo is similar to buying a house. Your mortgage company will probably require you to buy condo insurance. But how do you know how much insurance you need? Typically, condominium associations own and insure the outside structure of a condominium building, including the grounds and other features, such as a pool or tennis court. Most often, a condo owner is responsible for everything from the drywall in (wall coverings, floor coverings, cabinetry, etc.) The insurance term used to identify the condo unit’s interior finishes is Additions and Alterations … Continue reading Buying a condo? What you need to know about insurance