When does this coverage apply if I rent out my condo?

HO-6 condo insurance covers most of the things you would expect to be covered in a home, as long as they live within the walls of the condo. Don't make any assumptions. COMMON MISCONCEPTIONS. “Flood damage is covered by a standard homeowners insurance policy.” Flood insurance is not covered ... Personal liability insurance does not have a deductible you must meet before the insurer begins to pay losses. Liability coverage also requires the insurer to ... What does condo insurance cover? · Your belongings · Property Damage · Damage to someone else's property · Personal liability if there are medical bills and legal ... Jan 16, 2025 ... What Does Condo Insurance Cover? · Interior Property · Liability for Injuries · Personal Belongings · Loss of Use. Jul 21, 2022 ... What Does Condo Insurance Cover? ... Condo insurance is more comprehensive than a renters insurance policy. In addition to other liabilities, ... Aug 17, 2004 ... The law does not require the condominium association's property insurance to provide coverage for unit owners' personal property. In the case of ... Make sure your condo corporation protects your shared interest and responsibility · provides full replacement cost coverage for buildings and shared property The new law expressly confirms that condominium associations are not required to obtain insurance related to water damage or water perils. It then imposes ... Condo liability coverage helps cover medical expenses that you are court-ordered to pay due to an accident that occurs within your condo's walls.