What life events might require changes to my policy? What is an insurance rider or endorsement?

Condo insurance, one of several essential types of homeowners insurance, will generally cover sudden water damage events stemming from your unit. If you're sued over an injury that happened in your unit, this part of your condo insurance coverage can cover your expenses. Medical payments. If a guest has a ... Make sure your condo corporation protects your shared interest and responsibility · provides full replacement cost coverage for buildings and shared property Most homeowners and renters insurance does not cover flood damage. · The National Flood Insurance Program (NFIP) has coverage options to protect your home, ... Condo insurance covers what you're responsible for as a condo owner. That means your belongings, upgrades (custom cabinets), injuries at your place, lawsuits ... With HO-6 condo insurance, you still have dwelling insurance. But, with condo dwelling coverage, you're only covered for your interior walls and floors. The ... What it covers: HO-1 policies typically provide coverage only for damage or loss caused by 10 specifically named perils: Fire or lightning; Windstorm or hail ... What does condo insurance cover? · Your belongings · Property Damage · Damage to someone else's property · Personal liability if there are medical bills and legal ... Condo insurance typically includes a few standard coverages to help protect you, your condo unit and your belongings. What does homeowners insurance help protect? · Loss of Use. If your home is unlivable after a covered loss, we'll cover your increase in living expenses.