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	<title>New answer on: Is Homeowners Insurance Needed For A Condo?</title>

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		<title>By: Tom Sheehan</title>

		<link>https://www.insurancelibrary.com/home-insurance/is-homeowners-insurance-needed-for-a-condo</link>

		<dc:creator>Tom Sheehan</dc:creator>

		<pubDate>Thu, 19 Jun 2014 18:40:36 +0000</pubDate>

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		<description><![CDATA[A Homeowners Insurance policy includes coverage for the Dwelling structure itself, your personal property and Liability exposure.  This is a form that is needed if you own a single family home for example.  However, as a Condo Unit owner, in effect you own the space within the walls of your unit and not the actual structure itself.  In this case, you should talk to your Insurance Professional about the purchase of  Condominium Unit Owners&#039; policy.]]></description>

		

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		<title>By: Jim Winkler</title>

		<link>https://www.insurancelibrary.com/home-insurance/is-homeowners-insurance-needed-for-a-condo</link>

		<dc:creator>Jim Winkler</dc:creator>

		<pubDate>Wed, 18 Jun 2014 19:30:18 +0000</pubDate>

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		<description><![CDATA[That is a great question! It is always wise to insure your investment in any home purchase. In many cases your lender will require it to protect their investment. You definitely want to have a form of Homeowners to protect you, and your investment, as well as all of the things that will be in the condo with you. Thanks for asking!]]></description>

		

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		<title>By: David Pipes</title>

		<link>https://www.insurancelibrary.com/home-insurance/is-homeowners-insurance-needed-for-a-condo</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Wed, 18 Jun 2014 19:27:02 +0000</pubDate>

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		<description><![CDATA[There is a specialized form used for condominiums.  Lenders require that the condo be insured to protect their interests.  The trick is to coordinate the association policy, which covers the building and the condo policy which covers everything inside the external walls.  So if a mortgage company loans $400,000 on a condominium they want to know that the building will be replace in the event of a covered loss and that the interior of the condominium will also be replaced. ]]></description>

		

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