Condo Home Insurance Explained + My Advice

Condo insurance is mandatory when you are buying a condo with a mortgage. Even without a mortgage, it is recommended you buy it anyway. Plus, it is so affordable. When you buy a condo, there are two insurances that work in tandem. The HOA master insurance (paid for with your condo fees) covers the structure of the entire building and the common areas. Condo insurance (paid directly by you) covers the personal property, personal liability, and damages within the four walls of your unit. I don’t recommend you shop around for condo insurance or try to save money by bundling it with your car insurance. I explain why in this video. ✦✦✦TIME STAMPS✦✦✦ 00:00 What is HOA master insurance and condo insurance? 01:48 The advice my boss gave me when I bought my condo 03:37 Why trust his advice ✦✦✦LINKS✦✦✦ Subscribe: Read Blog: Buy Book: