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
Related To:

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

Tax Breaks for Homeowners

A huge benefit of being a homeowner is the ability to take advantage of a number of tax breaks. Check out the possibilities.

Home Inspections & Homeowners Insurance

Be smart when it comes to safety and savings.

Immediate Expenses for New Homeowners to Expect

You know you've got a mortgage. But make sure to budget these costs in as well.

How to Be a Financially Savvy Homeowner

Many property-related actions trigger a tax or tax benefit.

Homeowners: Mortgage Interest, Real Estate Taxes Are Deductible

HGTV explains real estate taxes for homeowners.

The 5 Most Common Questions From New Homeowners

If you're a new homeowner, you likely have questions about budgeting for your new expenses, adding value to your home and handling post-purchase surprises and challenges. Here, the answers!

Homeowner Tax Tip: How to Take More Money Home

The tax advantages of homeownership can help you bring home more money every month and afford a larger mortgage (read: better house) than you may think.

Building Mortgage Interest: More Tax Deductions and Incentives for Homeowners

Learn about the many tax advantages of homeownership, including special deductions and local incentives.

Blazing a Trail: Urban Pioneer Neighborhoods

The road to revitalization is sometimes bumpy, but urban pioneers enjoy perks of both city life and suburbia.

Consider Buyers’ Motivations When Making an Offer

Put yourself in a position of strength in multiple offer situations.

On TV

Living Big Sky

6:30am | 5:30c

Living Big Sky

7:30am | 6:30c

Flea Market Flip

8:30am | 7:30c

Flea Market Flip

9:30am | 8:30c

Home Town

10am | 9c

Home Town

11am | 10c

Fixer Upper

12pm | 11c

Desert Flippers

1:30pm | 12:30c

Desert Flippers

2:30pm | 1:30c

Desert Flippers

3:30pm | 2:30c

Flip or Flop

4:30pm | 3:30c

Flip or Flop

5:30pm | 4:30c

Flip or Flop

6:30pm | 5:30c

Flip or Flop

7:30pm | 6:30c
On Tonight
On Tonight

Flip or Flop

8pm | 7c

Risky Builders

8:30pm | 7:30c

Flip or Flop

9:30pm | 8:30c

House Hunters

10pm | 9c

House Hunters

11pm | 10c

House Hunters

11:30pm | 10:30c

Flip or Flop

12am | 11c

Flip or Flop

12:30am | 11:30c

House Hunters

1am | 12c

House Hunters

2:30am | 1:30c

Risky Builders

3:30am | 2:30c

Follow Us Everywhere

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