“A condo policy and homeowners policy
are very similar when it comes to liability and personal property coverage
The biggest difference is that the homeowner’s policy covers your entire property, which is quite different from what is considered your property with a condo.
With a condo, you own and are responsible for everything inside and between the studs of the wall. The condo association is responsible for insuring the condo from the studs of the wall outwards to the exterior of the structure and the roof.
In a condo policy, part A of your insurance plan covers real property that is permanently affixed to the interior structure, like:
- kitchen counters
- bathroom fixtures
Part A of your homeowner’s policy covers the same permanent fixtures and the entire structure of the house, including an attached garage or deck.
Part B of your homeowner’s policy will cover Other Structures. These would be structures that are on your property but not attached, like:
- a fence
- unattached garage or carport
The rest of the policy will be pretty similar to what you are used to. Since you already have a condo policy with Allstate
, changing to a homeowners policy with them will be easy.
Big life changes are a perfect time to shop around for lower rates for your car insurance
as well. With the free Jerry
app, you will have the option to bundle the auto and home policies together for maximum savings.”