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Personal Finance > Home Insurance Why do I need condo insurance?: 5 of 6

More and more people are waking up to the need for condo insurance. It is estimated that the number of condo owners who own personal condominium insurance policies increases every year and Insurance advisers aim for 95% of condos to be covered by personal insurance policies by the end of the decade. In order to be fully protected, condo owners need to have two different types of cover; a master policy provided by the association and their own personal condo insurance. The main thing condo owners have to be aware of is what the association's insurance covers. By knowing what is covered, the...
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