Owning an apartment or a condo building can be a sizeable financial risk for owners who fail to secure adequate insurance protection. There are stark differences between the two.
When you own an apartment building, for instance, you are typically responsible for the building, the appliances and any finished items inside the apartment (wall coverings, cabinetry, fixtures, countertops, etc.), but this is not necessarily the case when you own a condo. In the latter, you are responsible for insuring all public areas and the physical building structures of the condo units themselves. We will work to help ensure you get the insurance coverage you need to protect your investment.