If you own a townhouse or condo, you have different insurance needs than the typical homeowner. Not
only do you own your individual condo, you also share ownership in the common areas and overall
structure of your building. If shared areas need upkeep and maintenance, your association will
typically handle the expense through their insurance package. Although your association dues help
pay for upkeep of the common areas, they do not typically cover your personal property within your
own unit, or your liability if someone is injured on your property.
Condominium insurance provides protection where condo associations do not. Condo and town house coverage protects your possessions within your unit, including furniture, appliances, kitchen and bath facilities and your personal items. If you plan on upgrading your unit, any improvements you make will also be covered under your policy, including wall units, renovations, and wallpaper.