There are additional forms of insurance you may want to consider for your condominium to ensure you have sufficient coverage for your particular living situation. These include:
Unit assessment coverage—This coverage can reimburse you for the expense passed on to you by your homeowner’s association as long as your HOA’s policy covers the cause of loss.
Sewer backup—This coverage may insure your property for damage by the blockage of sewers and drains but doesn’t include flood protection.
Flood or earthquake—It’s essential to understand your location’s risks and look at coverage if needed.