Cheap California insurance for your Condo

I recently purchased a Condo in California and had no clue if I even needed to get insurance. I had Homeowners Association of $235 per month. My first reaction was that my HOA should have a Homeowner’s insurance, so I should not need one. I called my HOA and yes they did have Homeowners insurance.

Coming to find out, I am still better off getting a Condo insurance even though it is not a requirement. My insurance through HOA covers the condominium building, commonly owned property, and liability insurance for the association. But that insurance doesn't cover losses to your unit as a result of a burglary, if water damage ruins your living room walls, or if someone slips on your wet kitchen floor and is injured. That's when I decided I needed to get a cheap California insurance for my Condo.

Condominium policies protect you from losses to your personal property and the interior of your unit. You will also have liability protection for bodily injury or property damage to others. The articles of the condominium association and state law determine exactly which building components are covered under the association's master insurance policy. In most instances the association's coverage stops inside the exterior walls meaning that you are responsible for the interior walls and possibly for fixtures, as well as your personal property and liability exposures. This is why you will need a personal condo policy.

There a lot of cheap California insurance that you can get for your condo and normally it costs around $10 to $15 a month depending on the coverage and co-pay deduction.