There are a few differences between insurance for condos and insurance for detached homes, and most of those differences depend on whether the condo is rented or owned and where the condo is located.
In a nutshell, however, when they're shopping for condo insurance California condominium owners and renters need to think about coverage options to protect the condo's structure, the owners' or renter's possessions, and the owners' or renters' liability.
Also similar to homeowner insurance, when it comes to condo insurance, California condominium owners need to think about more than just normal coverage options such as insurance for the structure, their possessions, and their liability.
These folks also need to think about the kinds of adverse weather conditions typical to California.
Flood Insurance for Condos in California Most insurance carriers do not typically - if ever - offer flood insurance as coverage option for homeowner or condo insurance policies; however, many condo owners and renters - especially those who love close to beaches - need to think about flood protection for their condominiums and their possessions.
For flood protection options with condo insurance, California residents can contact the Federal Emergency Management Agency (FEMA), which maintains the National Flood Insurance Program (NFIP).
Earthquake Insurance for Condos in California Similar to the case with flood insurance, finding earthquake insurance for condos in California can be tricky; that shouldn't, of course, discourage a condo owner or renter from seeking earthquake protection - especially given how common earthquakes are in California.
Even though it can be tough to find earthquake coverage for condos in California, there is good news.
To add earthquake protection to condo insurance, California residents should refer to the California Earthquake Authority (CEA).