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Owners of single-family homes need different insurance than condo owners, and if you live in a co-op you have a very specific set of insurance needs. ... The default personal property amount for ...
Condo owners generally help pay for the association’s insurance in the form of condo or HOA fees. HO-6 policies are named perils policies that generally cover: Damage from aircrafts or vehicles
That is when she learned the harsh truth about the difference between condo and homeowners insurance. If you're a condo owner, it's important to know these differences from the start: Show comments
Home insurance, also commonly called homeowner's insurance ... The remainder had the HO-6 Unit-Owners policy, also known as a condominium insurance, which is designed ...
Swimming pools: Some home insurance providers may not issue policies to homeowners with swimming pools, while others may require specific safety criteria in order to insure the home. Depending on ...
In homeowners insurance, the 80 percent rule refers to the fact that most insurance companies require homeowners to insure their home for at least 80 percent of its total replacement cost.
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