How much homeowners insurance should you get on your condo?

Answer You can find the answer you want in your governing documents, in your state's condominium law, and in your master policy.Condominium associations are usually required to carry a master insurance po... Read More »

Top Q&A For: How much homeowners insurance should you get on...

If a tenant lives in your condo and a common area pipe leaks on their car causing damage should the HOA cover this or will your homeowners liability insurance cover this or neither?

Read both your master policy that covers the condominium association's assets and your homeowner's policy to verify coverage.Also, the tenant's insurance may be a possibility for coverage.Basically... Read More »

How much should homeowners insurance cost?

Homeowners insurance, also known as hazard insurance, typically costs annually between 0.3 percent and 1 percent of the cost of the home loan. This amount can be significantly reduced by carrying a... Read More »

How Does Homeowners Insurance Work for a Condo?

Buying a condominium can be a convenient choice for people who want to own a home but don't want the responsibility of yardwork and maintenance. Condo owners need to ensure they buy the right amoun... Read More »

How much contractor insurance should a condo have?

The answer depends on how the contractor is employed by the association. If the contractor is bonded, insured and licensed -- best practices indicate this is the best position for the association, ... Read More »