Your property’s buildings are covered by homeowner’s insurance. This includes both your primary residence and any other structures in the area. In addition, it provides liability protection, covers your home’s contents, movable property, and living expenses in the event of a loss.
In the event of a loss, renters insurance covers your property and living expenses while you are out of your rental unit. Personal liability is also covered, both domestically and internationally.
Insurance for condos and co-ops is comparable to renters insurance. It also covers things that are very specific to owning a unit or shares in a building, like your personal property, living costs, and liability.
Note: Due to the fact that not all insurance policies are created equal, it is always essential to review the fine print of your policy.
