Home insurance is not the same as condo insurance. Though similar, there are significant differences between the two. This is your guide to both types of coverage in New Windsor, NY.

How Home and Condo Policies Differ

In general, home insurance covers the interior and exterior of a home. In contrast, condo insurance is typically limited to the interior of a condominium unit.

The exterior of a condo is typically covered by the condominium association’s insurance. Moreover, condo master insurance policies tend to be either "all in" or "bare walls."

The all-in policy typically covers the condo’s fixtures, including appliances and carpet. The bare-walls policy usually covers the exterior. Windgate Insurance Agency, Inc. is here to provide more details to help you choose the optimal coverage for your living space.

Unique Protections for Specific Dwellings

Home insurance and condo insurance are ultimately different in terms of the structures they protect. Instead of covering an entire home, as is the case with home insurance, condo insurance covers the interior of a living space.

Traditional houses do not have the same overarching condo association coverage as available for condos. Moreover, dwelling coverage for those who own houses hinges on the home’s rebuild value or the amount necessary to rebuild the structure from the ground up.

In contrast, condo owners’ dwelling coverage hinges on the details of the homeowners association’s master policy. The overarching policy can range from interior structures, such as ceilings and drywall, to only publicly used spaces or in between.

Get a Quote From Windgate Insurance Agency, Inc. 

Our insurance team is here to give you invaluable peace of mind. Contact us for more information or a quote. We’re currently serving New Windsor, NY.