Condo Insurance vs Home Insurance

Condo insurance vs home insurance may sound similar, but the coverage works very differently. Both protect against financial loss, but each policy is designed for a different type of property. If you live in a condo, your coverage must fill the gaps left by your association’s policy. If you own a home, your policy must protect the entire structure. Knowing the difference is key to making sure you’re fully covered.

What’s the Main Difference in Condo Insurance vs Home Insurance?

Homeowners insurance covers the full structure of the house. That includes the exterior and interior, from the roof to the foundation. It also includes your personal belongings, liability protection, and living expenses if your home becomes unlivable after a covered loss.

Condo insurance works differently. It does not cover the entire building or shared areas like hallways, elevators, or the roof. The condo association’s master policy handles those. Your personal condo policy covers what’s inside your unit—like the interior walls, fixtures, flooring, and appliances—along with your belongings and personal liability.

In a condo, your responsibility starts where the association’s ends. That’s why reviewing your association’s documents is so important. You need to know exactly what falls under your coverage.

Why Does This Matter?

If you assume the condo association covers everything, you could be left paying out-of-pocket for repairs or replacement costs after a loss. Knowing exactly what the master policy includes helps you choose the right condo insurance and avoid costly gaps in coverage. Whether you need Condo Insurance vs Home Insurance, having the right policy ensures your home and finances are protected.

Need Help Understanding Your Coverage?

Still unsure what your policy should include? Our team at O’Quinn Insurance can help you make sense of your coverage and find the protection that fits. Give us a call today at 386-200-9534 or stop by—we’re always here to help.