What Is The Difference Between Renters Insurance And Condo Insurance? 
Primary difference between Renters Insurance and Condo Insurance is in the ownership of the property . Both policies cover Personal Property , Loss of Use , Medical Payments to Others , and Personal Liability . And both policies allow for additional riders to be attached for specific items such as high value jewelry , gun collections , artwork , and etc. . Where the Condo Insurance is different is in the amount of insurance that can be added to cover Building Property . When you own a Condo , you own everything from the sheetrock in , and the condominium association manages everything from the sheetrock out . So items such as installed dishwashers , ovens , furnaces , and even toilets and showers fall under property owned by the condo owner . Typically renters do not own any of these items , and there is no need or reason to carry insurance for them . Condo policies may also have broader coverage for Additional Coverage areas , such as for Emergency Repair ; Trees , Shrubs , Plants and Lawns , and Separate Structures coverage.When you own a condo , it is important to know and understand what the General Insurance policy the Association holds covers , and how the common areas are classified . For example , what would happen if the association was forced to submit a large assessment on all of the condo owners ? Does the General Policy for the Association cover these instances ? If not , you 'll want a Condo policy that does have this coverage . As always , it is best to speak with a licensed , professional insurance agent who can help you interpret the policy coverage , identify gaps in coverage , and make sure you have protection for everything you might require . 