What is the major difference between a condominium insurance policy and a homeowners policy?
A. A homeowners policy covers liability, medical payments and loss of use as well as the dwelling amount. In a condominium policy, loss of use, medical payments, and liability are still covered, but the cost of the dwelling is not included. Condominium owners are only responsible for the internal drywall while the condominium owners association is responsible for the dwelling itself.
. A homeowners policy covers liability, medical payments and loss of use as well as the dwelling amount. In a condominium policy, loss of use, medical payments, and liability are still covered, but the cost of the dwelling is not included. Condominium owners are only responsible for the internal drywall while the condominium owners association is responsible for the dwelling itself.
