As mentioned in my previous blog, townhouse and condominium insurance are a little different than homeowners’ insurance. Just to catch people up: homeowners insurance covers the interior and exterior of a building. Townhomes and condominiums are run by an association that oversees the exterior of the building and the common grounds. Homeowner’s association fees pay into insurance that generally covers the exterior of the building as well as the grounds surrounding the home. Owners of condos and townhomes are responsible for insuring the interior of the home. So, what exactly does that entail?

The first thing is first, what is homeowners insurance? Homeowners insurance is property insurance designed to cover the house you live in plus all that makes up your home.