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Yes. However, insurance for a condominium unit is more complicated than insuring a private home. Insurance provisions are made a part of the boilerplate language in the documents that create the condominium. Since the value and well being of the community depends on the upkeep and maintenance of each unit there must be insurance coverage in the case of a disaster. If you have a mortgage, your lender will require full insurance coverage.

You need to discuss insurance responsibility in detail with the condominium management before purchasing your unit. Review the rules and regulations and by laws with your attorney and with your insurance company before you purchase. There are other considerations in addition to insuring your property within the four outer walls of your unit. If a pipe should break in your bathroom and cause damage to units or common areas on a lower level you will be responsible for damages. You need to make certain you have that extended coverage.

Your monthly condo dues typically pay toward insurance for the common areas. See links for more information.

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Q: Are condominium unit owners required to have homeowners insurance?
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Related questions

Does homeowners insurance continue after the owners death?

Homeowners insurance will continue after an owners death. The Homeowners insurance policy will typically be paid for by the executor of the estate and become his or her responsibility.

Does homeowners insurance cover foreclosure?

No. Homeowners Insurance does not cover the owners default on a mortgage note.

What does loss assessment mean on a homeowners policy?

Loss assessment on a homeowner's insurance policy is protection against getting sued for a person being injured on the property. This is a common insurance that condominium owners need to protect themselves from lawsuits for someone being injured in the common areas of the condominium complex..

When purchasing a new home can you get your own homeowners insurance?

Yes, In fact you are required to get your own home insurance when you buy a home. You can not inherit the previous owners insurance policy. The previous owners insurance is null and void the moment they sell the home.

Does a homeowners insurance policy have to have the name of the current owners on the policy?

Yes, of course. The current owners on the policy have to pay for the insurance policy, This is why this policy states that it is a homeowners policy.

Does home owners insurance cover generators?

Your homeowners insurance covers your home structure.

What is the difference between home owners insurance and hazard insurance?

Homeowners insurance is often referred to as Hazard Insurance. They are the same thing.

Does homeowners insurance cover auto damage to non-owners vehicle your property by someone hitting a pole?

Of course NOT. Homeowners Insurance does not cover auto accidents. That's what Auto Insurance is for.

Will home owners insurance cover radon removal?

No. This is not what homeowners insurance is designed to do. This is not a covered cause. Homeowners insurance covers more than any other kind of insurance especially with the premium as low as it is.

In a land contract.who is responsible for home owners insurance?

Nobody. Homeowners Insurance covers Homes not land.

Is landscaping covered under home owners insurance?

No, Your homeowners insurance does not cover landscaping or lawn maintenance.

Does home owners insurance cover an individual if they are helping someone and get hurt in the process?

No, homeowners insurance is not a replacement for health insurance.