How Does Condo Insurance Differ From Home Insurance?

When insuring your residence, it’s crucial to understand the differences between condo insurance and home insurance. Here are some of the key differences provided by The Insurance Shop USA, serving the greater Sandpoint, ID area. 

Condo Insurance

Condo insurance is designed for individuals with condominium units within a larger building or complex. It typically covers the condo unit’s interior, personal property, and liability. Condo insurance policies often include:

  • Interior Coverage: This protects the interior structure of your condo, including walls, floors, ceilings, and fixtures. It may also cover upgrades and improvements you’ve made.

  • Personal Property: Condo insurance covers your personal belongings, such as furniture, electronics, and clothing. It safeguards these items against theft, fire, or other covered perils.

  • Liability: Liability coverage protects you if someone is injured while in your condo and you are found responsible. It also covers damage you may cause to other units in the building.

Home Insurance

Home insurance, also known as homeowner’s insurance, is intended for those who own standalone houses. It provides a broader range of coverage, including:

  • Dwelling Coverage: This insures the entire structure of your home, including the roof, walls, and foundation. It covers damage from various perils, such as fire, vandalism, and natural disasters.

  • Personal Property: Home insurance also includes coverage for your personal belongings, much like condo insurance.

  • Liability: Liability protection is similar to condo insurance and covers injuries on your property or damage you may cause to others’ property.

While condo and home insurance protect personal belongings and liability, they differ in the scope of coverage. If you want to purchase condo insurance in Sandpoint, ID, the Insurance Shop USA team can help. Call us now for an estimate.