While condo ownership is similar to home ownership in a number of ways, there are a few key differences that need to be discussed. Each of these policies provides insurance for your living space but they are not one and the same. The responsibilities are the same and yet the insurance policies are not.

Longwood, FL residents who will be meeting with Express Insurance to discuss these policies would do well to educate themselves on the dissimilarities. Let’s take a closer look.

Personal Property Coverage

Personal belongings are the primary responsibility of any condo owner. The homeowner’s association insurance that you are going to purchase does not provide any coverage in this regard. Meanwhile, this is one of the few areas where homeowner’s insurance is relatively similar. A home or condo owner must make sure that their personal belongings remain protected.

Dwelling Coverage

Under a policy that is purchased for a condo, the owner will need to purchase just enough insurance to rebuild the interior if necessary. All of the exterior repairs are going to fall under the purview of your homeowner’s association insurance policy. On the other hand, a homeowner will need to make sure that they are purchasing enough insurance to handle any exterior repairs that become necessary over the long haul.

Liability Coverage

Condo owners must provide themselves with protection from visitor injuries. Homeowners will have to purchase the same protection but there are additional forms of protection that are required in these instances. A homeowner is not only responsible for an injury that takes place on their property, but they are also responsible for any accidents or incidents that occur on the land that surrounds their property.

To learn more about the differences between homeowner’s insurance, Longwood, FL residents should take the time to contact Express Insurance as soon as possible.