How does having a roommate affect my condo insurance?

Don't make any assumptions. COMMON MISCONCEPTIONS. “Flood damage is covered by a standard homeowners insurance policy.” Flood insurance is not covered ... A basic condo insurance policy contains five levels of coverage: dwelling (your unit), personal property, loss of use, liability, and medical payments to ... Wawanesa's condo insurance covers loss or damage to the interior of your unit, typically what you own and not covered by your association's master policy. What Does Condo Insurance Cover? Condo Insurance standard coverage safeguards personal belongings, structural elements, liability, medical expenses, and loss of ... Sep 5, 2023 ... Calculating how much dwelling coverage you need · 20% of your unit's value, loan value, or appraisal value, or $140,000 ($700,000 x 0.2) · $100 ... What is condo insurance and what does it cover? ... Condo insurance is coverage that helps protect against losses and repair costs for a condominium unit. Condo ... What does condo insurance cover? · Personal property coverage — for your belongings, if they're damaged or stolen · Personal liability protection — for injuries ... It covers your home for all risks of physical loss, except those that are specifically excluded in the policy, such as flood, earthquake, war, nuclear accident, ... Condo insurance, one of several essential types of homeowners insurance, will generally cover sudden water damage events stemming from your unit. Jan 2, 2025 ... What Is Condo Insurance, and What Does It Cover? Condo insurance covers damaged or stolen belongings as well as liability costs if you're found ...