{"id":90,"date":"2024-12-23T04:00:00","date_gmt":"2024-12-23T10:00:00","guid":{"rendered":"https:\/\/www.swartzins.com\/blog\/?p=90"},"modified":"2024-12-21T13:38:36","modified_gmt":"2024-12-21T19:38:36","slug":"what-is-the-difference-between-a-condo-insurance-policy-and-a-homeowner-insurance-policy","status":"publish","type":"post","link":"https:\/\/www.swartzins.com\/blog\/what-is-the-difference-between-a-condo-insurance-policy-and-a-homeowner-insurance-policy\/","title":{"rendered":"What is the difference between a condo insurance policy and a homeowner insurance policy?"},"content":{"rendered":"

We understand that owning a home and a condo have many similarities at Swartz Premier Group Insurance in Moberly, MO. Both have mortgages, and you are considered the owner of the residence. However, when it comes to insuring your property, the differences between the two are significant and worth noting.<\/p>\n

Understanding the Differences Between Condo Insurance and Homeowner Insurance<\/h2>\n

When you own a condo, you own the residence and its contents. However, the building structure and its property belong to the condo owner and association. Therefore, when purchasing an insurance policy, you are limited to insuring the interior of your particular home unit. You can insure your appliances and personal belongings.<\/p>\n

With a homeowner policy, you get coverage for not only your belongings but also the home structure itself, other units such as detached garages or sheds, fences, trees (in some cases), and anything else on your residence’s property.<\/p>\n

Due to the differences between the two, condo insurance typically costs less premium than a homeowner’s insurance policy.<\/p>\n

In case of liability, you may obtain higher liability coverage for condo insurance since you are closely connected to others’ property. If you are liable for causing a covered peril (such as a fire), you could be more easily liable for aiding in the repairs of the structure of the condo outside of your personal dwelling.<\/p>\n

Contact Us Today!<\/h2>\n

For more information on condo insurance and home insurance policies, what is covered, and how much coverage you may need, we would be glad to help. Call us at the Swartz Premier Group Insurance in Moberly, MO, at (660) 263-8900 to speak to one of our knowledgeable agents and get you and your family covered, whether you live in a condo or a traditional home.<\/p>\n","protected":false},"excerpt":{"rendered":"

We understand that owning a home and a condo have many similarities at Swartz Premier Group Insurance in Moberly, MO. Both have mortgages, and you are considered the owner of the residence. However, when it comes to insuring your property, the differences between the two are significant and worth noting. Understanding the Differences Between Condo […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[20,21,12,13],"class_list":["post-90","post","type-post","status-publish","format-standard","hentry","category-home-insurance","tag-homeowner","tag-insurance","tag-moberly-mo","tag-swartz-premier-group-insurance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t