Condo Insurance 101: Insuring Waterfront Condos in Key Colony
By Alicia Ale, Realtor Miami Florida Luxury Homes
(Miami Riviera, llc - Real Estate & Inmobiliaria)
Condo Insurance 101: What to Know When Insuring Waterfront Condos in Key Colony Insuring your waterfront condo in Key Colony Key Biscayne is far different from insuring a typical single family home. A residential homeowner is responsible for the whole home (inside and outside) and the land it sits on while condo owners are normally responsible for insuring just a portion of their property on their own. Before applying for condo insurance, here are some important components you need to know. Master Policy Part of the monthly dues you pay goes toward ensuring against physical damages on your building’s common areas - hallways, landscaping, community facilities, roof and exterior structure, etc - as well as personal liabilities claims caused by accidents in these areas. These are ...