Condominium owners have most of the same insurance needs as any homeowner—their home is both a place to live and an investment, and it's full of their belongings.
Condos are different from other kinds of homes, though, because unlike a detached single-family home, each condo is a smaller part of a larger whole. That's why condo coverages are also a little different from standard home insurance. We look at what's the same and what's different for the typical condo insurance policy.