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Garrison Insurance Group

1001 Oak Rd SW, Ste 3
Lilburn, GA 30047

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How Does Condo Insurance Differ From Home Insurance?

If you have recently purchased a condo or are looking to purchase one in the near future, you may come to learn that you will need to purchase condo insurance. One of the questions that people have when they first hear about condo insurance is how exactly condo insurance differs from home insurance. Here at Garrison Insurance Group, serving the greater Lilburn, GA area, we want to help answer any questions you may have.

Here is more information about how condo insurance differs from home insurance. 

How Does Condo Insurance Differ From Home Insurance?

Condo insurance, also known as HO6 insurance, covers your personal property and the interior of your condo unit, such as walls, floors, and fixtures. It also provides liability coverage for accidents that occur inside your unit or that you are responsible for, such as damage caused to a neighbor’s property.

On the other hand, home insurance, also known as HO3 insurance, covers the structure of your entire home, including the roof, walls, and foundation, as well as your personal belongings. It also provides liability coverage for accidents that occur on your property or that you are responsible for.

Another difference between the two policies is that condo insurance may include coverage for certain shared areas, such as the lobby or swimming pool, which are owned by the condo association. In contrast, home insurance typically does not cover shared spaces.

We Can Help!

While the basic idea behind condo insurance and home insurance is the same, what is covered can vary between the two different types of policies. If you are looking to purchase a new condo insurance policy in the greater Lilburn, GA region, Garrison Insurance Group would love to help you. Call us today to obtain an estimate.