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.

Next Up

Home Inspections & Homeowners Insurance

Be smart when it comes to safety and savings.

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.

How to Be a Financially Savvy Homeowner

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

Immediate Expenses for New Homeowners to Expect

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

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!

Homeowners: Mortgage Interest, Real Estate Taxes Are Deductible

HGTV explains real estate taxes for homeowners.

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.

What It's Like to Live in an Urban Home

If you love being where the action is, look for convenient living in a city's downtown area.

Making Yourself at Home After a Move

Moving day is over and now it's time to settle into your new home. Get tips on how to unpack and get your house in order without stressing out.