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This kind of insurance works very similar to Homeowners insurance. Although there are some important differences you should consider.
  

 


Many insurance companies when they insure your House, Villa or Condominium on a Condominium Development policy, they also include:

  • Coverage for the common areas such as parking lot, stairs or elevators, halls, etc.
  • Liability between condominiums
  • Liability for the HO association
  • Can be included on the maintenance fees so the owners pay it monthly
  • Other