Townhome or Condo Insurance Policy


Like insuring your home, townhome and condo can be insured with insurance companies. A condo is a type of housing wherein a prescribed portion of the larger property is owned by the homeowner and the common parts connecting the complex are communally owned by all condo owners and is usually maintained by condominium unit owners. Townhomes are the individual houses that are constructed side by side. One or two walls of townhomes are shared by adjacent homeowners.

Condo and Townhome Insurance:

There are some important differences between condo and townhome insurances. In a condo, the interior is owned by the individual and the exterior is owned by the condominium association. But, in the case of townhouse, the interior and the exterior of the home is owned by the owner. As far as condo insurance Florida is concerned, individual condo owners need insurance policies that provide coverage to the interior of their units against the damage caused by fire, smoke, theft and liability. Sometimes, the policies may include other valuables like jewelry, musical instruments and the like.

When you consider townhouse insurance, the insurance covers the unit and the outdoor areas to which the owner has a title deed. The policy will cover the exterior, the interior and any patio or balcony areas. Fire and some storm damage are given coverage while flood or earthquake insurance is purely optional. Unlike condo owners, townhouse owners need liability protection coverage for their property damages in accidents both inside and outside the home.

Some Facts about Condo Insurance:

Florida condo insurance is most likely referred to as HO-6 policy, otherwise called condo unit owner's form. Each policy includes property and liability protection, but the policy coverage is restricted to the interior of the unit. The coverage includes flooring, countertops, cabinets and fixtures. Moreover, the policy will provide coverage to the damages done to your furniture, clothing, appliances etc.

A condo insurance Florida policy is specifically designed to cover the owner occupied units. Therefore, if you rent your condo to someone, this should be informed to the insurance agent and an endorsement to this effect has to be added in your Florida condo insurance unit owner's insurance policy to cover this event.

You must be aware that condominium owners do not own the entire complex and have outright ownership only to their own unit and the rest of the complex is owned jointly by all condo owners. As far as Florida condo insurance is concerned, the responsibility of insuring the common areas is the collective responsibility of all the condo owners in the complex. For this purpose, the association normally collect dues from all of them and a portion of this fund is used for insuring the common areas.

At the same time the condo owner is responsible to insure everything within the four walls of the condo. The condominium association should specify what are the common parts of the complex to be insured under association's master policy. They must also ensure which are not the common areas.

Condo and Individual house:

Buying a home means that you own the house, outside structures, outside areas and the land on which your house is constructed. Whereas in a condo, you own only the things inside the four walls and the rest of the complex are owned by the condominium association.

Liability Coverage under Condo Insurance:

If any of your visitor is injured or injured by you accidentally inside your condo, or you damage others property, you need property liability coverage, which will provide necessary coverage from possible medical expenses or set righting the damaged property. At the same time, if the same person falls and injures himself or herself in the pool area of the condo complex, then the condominium association and the master insurance is responsible for the incident and concerned expenses.

At the same time, the house owners will be held responsible for those injured within the premises of their houses or outside areas. This is because, the entire area inside and outside your home is owned by you alone and there is no place for common association here.

Personal Property Coverage:

It is the sole responsibility of the condo owners to insure all of their belongings that are inside the house such as furniture, electronic goods, clothing, jewelry and all the rest of properties. The Florida condo insurance premium will vary according to the personal belongings, you insure. The condominium association is not responsible for the stuff within the four walls of your condo.

Personal property coverage liability is almost similar to the condo insurance Florida policies. Irrespective of the fact whether you live in the condo or in a separate home, you have to take an inventory of all of your belongings to decide the quantum of personal property coverage, you require.


A townhouse is not an apartment, but instead they are built within a row of connected houses. Unlike condos, the rows of townhouses do not have much common areas. Perhaps, a townhouse may share one or two walls. Each townhouse has a small backyard and a front yard. Condo owners do not own any land whereas, the townhouse owners own the land in which the house was constructed.

Florida townhouse insurance is almost similar to that of a homeowners insurance. Even though you share common walls in the case of townhouses, as a owner, you are responsible for all the properties that lie inside and outside. This includes the land on which your townhouse stands. The coverage options of townhouse insurance are as follows. They are personal possessions, the walls, balcony, patio, exterior of your unit, loss of use and animal liability.


Whether you live in a condo or in a townhouse, you better buy a home insurance to safeguard your personal belongings. Similarly personal liability coverage is also important and you should not fail to buy this also. You have to consult an experienced insurance agent, who can guide you to get a suitable coverage. But, do not insure the areas, to which you have no say. Insurance ensures your financial stability.