you know that many condo owners have absolutely no idea what is contained in its insurance? For they have not taken the time to discover that their condominium association and includes, by default, what they demand. The bottom line is that insurance is an essential property, Condo, and you can not rely on your condominium association, make sure you are protected.

Yes, most (if not all) Condominium associations have homeowners insurance policies for their properties. These measures protect against damage to the exterior of the building which could cost a fortune to damage to the courtesy of storms, drunken drivers and other natural disasters and caused Against Nature and repairing damage to the main entrance. That’s it. Your insurance will not go beyond their personal and will not stop the hamster crawl size between the outer and inner walls of your condo.

Where you leave as the owner of a condominium? Outside in the cold if the damage was to be on your property or within your unit. Your condominium owners association has no insurance protection against theft, fire, water or indoor, personal liability if someone takes a tumble your stairs and decides, or if you, your children or your pets cause damage in the common areas of your condo.

If you can add up the math, the losses and damages are really doing. Condo fees average over 0000, and condominiums in New York and other cities often sell for a cool million or more. That’s a lot to lose money if your engine burns to the ground, and you have decided to not buy insurance owners. You will be left not only on the arm on a mortgage of property, 0000 +, you do not even technically own, you also now have a new place to live.

Then there are the losses you have suffered in terms of personal items. How do you think all the “stuff” in your home worth? Do you include it, your stereo, telephone, computer (including laptops, if you do not take exit), TV, jewelry, clothing, exercise equipment …. the list goes on and on, and the number will probably be quite high before all is said and done. This is not a loss, you want to have to pay out of pocket if the solution is sitting there, you confront.

The average cost of homeowners insurance less than 000 € per year. They spend more than the grocery stores and restaurant meals before the end of this year. Less than 000 € per year do you think of complete financial ruin if something happens to your apartment and you do not have time to search for your own condominium association policy. Homeowners insurance is an essential part of any transaction standard condo, no matter where in the country there, and that includes you.

average homeowner insurance