Author: sarakhan

Suppose a fire broke out in your apartment. Although the fire was quickly extinguished, several neighboring apartments were affected by smoke and water. Did you know that as the owner of an apartment, you are held responsible for the damage and are personally liable? Why do you need condominium insurance? Why do I need separate insurance for my condominium when my apartment building has its own insurance? Building insurance generally covers the building structure and common property (e.g. lobbies, elevators, gardens, pools, gyms, etc.). What is not covered? Personal property in the homeImprovements made to the apartment.Liability insurance against claims…