Townhomes and condos often share similarities in insurance needs because both are part of a common interest community. Typically, townhome insurance is similar to condo insurance, covering the structure's interior, personal property, and liability. Townhome owners, however, might have a greater responsibility for insuring the exterior of their units compared to condo owners. It is essential for townhome owners to consult their HOA agreements and insurance specialists to understand their specific coverage requirements.