You can find the answer you want in your governing documents, in your state's condominium law, and in your master policy.
Condominium associations are usually required to carry a master insurance policy that covers all the real estate assets the association's members own in common. You pay this premium with your monthly assessments.
Your governing documents will define the boundary between what you own solely and what is owned by the association in common. The boundary is usually the 'skin', the paint, the wall board, the studs, etc., some defined line in the building.
Your master policy details its coverage, and may or may not be an 'all in' policy, meaning that it covers all interior attached furniture -- bathroom fixtures, closet doors, cabinetry, etc.
Your broker can review the master policy, the governing documents and the state condominium law to help you define the individual owner's policy that you should carry. This policy is called an HO-6 policy.
Look out for gaps in coverage, overlapping coverage and special coverage for valuables you keep in your condominium home.
You can also discuss your flood and earthquake risk-- or other natural disaster, and insure yourself accordingly.
The cost would depend on several main factors, the location of the condo, how much coverage you are seeking and what deductible you select.
The value of your insurance depends upon the value of your condo. The important thing is that you have enough insurance to replace the condo. If you got the condo for a low price many years ago you can't insure it for that because you'd not be able to get another to replace if it were destroyed. The cost of the insurance on yor condo is based on several factors. In some cases your condo association will dictate the amount of coverage you must have.
In order to find out how much homeowners insurance is, one would need to contact an insurance provider. There is no obligation to buy the insurance but an insurance quote can be provided.
NEARLY OT MAY BE MORE THAN THE 98 Anchorage homeowners have been trapped in a $8 million shortfall in the condo association's insurance coverage is recommended in Anchorage, AK
not much. should not matter too much. homeowner's insurance is anyway too low.
A condo insurance costs about $200-$500 a month. You can read more at http://www.prudentialelliman.com/MainSite/Guide/NYCClosingCosts.aspx
The cost of homeowners insurance can vary greatly depending on factors such as where the home is located and the type of coverage desired.
"A homeowners insurance calculator gives you a rough estimate of how much homeowners insurance you need based on several variables such as geographical location, and square footage."
There is no compensation on homeowners insurance for a broken wrist. Much more information is required to determine if home insurance will even be involved at all as I doubt that it will be.
"Homeowners' insurance often covers personal injury settlements if someone trips on your stairs. Because the amount vary, you should check your policy to see how much coverage you have."
Allstate offers homeowners liability protection and peace of mind. Get information on home insurance or call them for a quote. It should be not too much hassle.
It depends what kind of policy you have.