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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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condo homeowners insurance
I'm full of questions today!
Our bank called and mentioned that for the loan commitment, since it was a condo, they didn't need our personal insurancy policy info on the condo, just a copy of the condo association's policy.
That got me thinking... will my homeowner's insurance be less since it's a condo and not a single family home? The condo has insurance to cover the structure and a fire policy for the structure and bathroom / kitchen fixtures. Will our personal policy exclude the things covered by the condo policy? I can't imagine you can have double coverage...
It's a townhome (2 stories with a full basement), so I guess I assumed it would cost the same... which thinking about that now was silly...
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Posted 7/26/07 1:28 PM  |
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DancinBarefoot
06ers Rock!!
Member since 1/07 9537 total posts
Name:
The One My Mother Gave Me ;-)
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Re: condo homeowners insurance
It is a lot less than for single family home. My insurance agent just quoted me $363 per YEAR.
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| Posted 7/26/07 1:58 PM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: condo homeowners insurance
its def. a lot less. Ours is $225 per year(with a discount from our alarm).
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| Posted 7/26/07 2:09 PM |
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kdanik
LIF Infant
Member since 7/07 148 total posts
Name:
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Re: condo homeowners insurance
Your insurance should be really cheap....its like a renters policy....covering pretty much your personal belongings...
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| Posted 7/26/07 2:16 PM |
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shiv
Twinsanity!!
Member since 5/07 4747 total posts
Name:
Shiv
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Re: condo homeowners insurance
ALOT less- mine was $400 vs. $1600 for house
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| Posted 7/26/07 2:18 PM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: condo homeowners insurance
Oh WOW, I had no idea! I'm glad I asked - now I know what to expect!
Thanks all! 
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| Posted 7/26/07 2:40 PM |
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Karen
Just chillin'!!
Member since 1/06 9690 total posts
Name:
Karen
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Re: condo homeowners insurance
our condo insurance is very cheap. All you need to insure is your contents, so depending on what that is, it probably isn't too much. But be sure to put your engagement/wedding ring on your policy!
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| Posted 7/26/07 3:51 PM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: condo homeowners insurance
Posted by Karen
our condo insurance is very cheap. All you need to insure is your contents, so depending on what that is, it probably isn't too much. But be sure to put your engagement/wedding ring on your policy!
Yse, we'll be putting all the jewelry on there. Right now we have a separate policy for my e-ring... which sounds like it costs the same (or more!) as most people's condo insurance! 
Message edited 7/26/2007 6:03:33 PM.
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| Posted 7/26/07 6:03 PM |
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MrsKelly
just hangin' around...
Member since 11/06 6305 total posts
Name:
Krista
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Re: condo homeowners insurance
ours is about 475/year and that's with my e-ring insured under it as well
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| Posted 7/27/07 12:42 PM |
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