Homeowner's Insurance for Condo Owners

Unlike owning a home, when you buy a condo your homeowner’s insurance policy doesn't cover your belongings. Here's how to protect your personal property.
By: Tara-Nicholle Nelson

When you own a home, your homeowner's insurance policy covers both the building and the personal property inside the building, like furniture, computers, clothes, etc. When you buy a condo, though, the insurance protection provided by your homeowners' association only protects the structure -- and not the contents of your home. Make sure to get an insurance policy to protect the contents of your home, similar to a renter's insurance policy, to be sure that in case of theft, etc., you're not stuck with a nice new, but empty, home. These contents policies are quite inexpensive, and can prevent you from losing everything you own other than your home. Not sure who to call? Ask your mortgage broker for a referral or call your car insurance company -- they often provide multiple policy discounts.

Keep Reading

Next Up

Real Estate Survival Guide: Seller's Checklist

Refer to this 10-step checklist to get you through the home-selling process.

Real Estate Survival Guide: Buyer's Checklist

Refer to this 10-step checklist to get you through the homebuying process.

Campus Cribs: Buying Real Estate Property for Your College Student

Buying a space for your student could turn out to be a great investment.

Moving Insurance

Keep your goods protected in transit.

Fresh News for 'Fixer Upper' Fans: Chip and Joanna to Open 'Hillcrest Estate' in Waco

Chip and Joanna Gaines announce their latest project — a beautifully restored colonial style home that will open as a vacation rental property.

'Home Town' Homeowner Profiles: Amanda Matthews

Find out more about Amanda Matthews, Erin and Ben's client featured in the Home Town episode titled "Porch Dreams".

How to Make a Cat Condo

Use everyday items to build a fancy cat post with baskets.

'Home Town' Homeowner Profile: Dawn and Michael Trest

Find out about Home Town homeowners Dawn and Michael Trest, long-time friends of Erin and Ben who decided to transition from downtown loft living to a homey home in the suburbs. . 


Shop This Look

Found a living space you love in HGTV's Photo Library? Get the look in your own home with products from Wayfair.

Follow Us Everywhere

Join the party! Don't miss HGTV in your favorite social media feeds.