What type of insurance is need when purchasing a Condominium or Townhouse?
A Condominium is usually covered by a Master Insurance Policy from the Home Owners Association. The policy will usually cover the outer structural part of the home and common areas, you may want to purchase “contents” insurance for the items not covered by the master policy. A Townhouse like a single family residence requires you to purchase home owners insurance to cover the structural or dwelling as well as any contents.
