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Even Though It’s Not a House, Your Condo Needs Coverage Too

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Share a wall or two with neighbors? Then you probably live in a condo or townhouse. When it comes to insurance, you might wonder if you need homeowners insurance or not. If you bought it instead of renting, you probably have a mortgage, and it is your home, after all, so it begs the question—do you need homeowners insurance on your condo? In a word, no. Here’s why.

As a condo homeowner, you're only responsible for insuring the portion of the complex you live in and items that your homeowners association has determined are the unit owners' responsibility to insure, including working outdoor antennas or reception dishes. AmShield’s condominium coverage applies to the part of the building that is your own private residence, and the cost of restoring your home is payable under the property coverage (up to the policy limits). And the structure's not the only thing—our coverage may help with special assessments (under certain conditions), some liability, personal property loss, additional living expenses and more.

Coverage Options
One big difference between condo insurance and homeowners insurance is that most condos have HOAs, and if something happens that causes damage to jointly owned areas of the property, condo owners may get hit with a special assessment to help pay for the damage. With AmShield’s condo coverage, if that damage is due to a covered loss, our coverage will pay your portion of that assessment.

Here are a few other key ways AmShield’s coverage may help cover your condo:

  • Personal Property coverage can cover the contents of your home and other structures.
  • If your home is unlivable after an accident, Additional Living Expenses coverage can reimburse you for the extra cost of living away from home.
  • Medical Payment coverage can help pay the reasonable medical expenses arising from a covered scenario.
  • Personal and Family Liability coverage can help you pay your legal liability to others after a covered accident on your property.

If you would like to look into AmShield’s condo coverage further, check with an agent who can help you choose policy limits, deductibles and any discounts that may apply to you. They'll also help you understand the details of the condo policy, including what it doesn't cover.


The product information contained on this website is informational only and not a statement of contract. All coverage options are subject to the provisions of the policy purchased and details of the policyholder’s situation.

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