Pleasanton, CA is one of the best places to live in the U.S. If you are lucky enough to live here, you are in one of America’s wealthiest cities. The housing prices are high, and one way to break into the housing market is with a condo. For most people, their home will be the largest investment they ever make, and protecting that investment means having the best condo insurance you can afford. At Miao Insurance Services, we are locally owned and operated, and we work hard to find our customers the most affordable and reliable condo coverage. 

You may think owning a home, whether freestanding or a condo, is pretty much the same thing, and therefore, the insurance would also be the same. While condo insurance does have some of the same coverage as home insurance, it is different in the amount and the things covered. 

When you own a condo, you own the interior of your unit. The exterior and communal areas belong to the Condominium Association. These are covered by a master policy maintained by the association. It is paid for through the HOA dues all the owners pay. Every condo owner must read the master policy to understand where your responsibility begins. 

You don’t need to cover the exterior of the building. Therefore, the amount of building coverage will be much lower on a condo policy. It is walls in coverage, so built-ins and the fixtures are what is covered. Contents coverage and liability insurance will be dependent on what you have in your unit and how much you are worth. Loss of use is another coverage you should have on your condo policy. 

When you are in the market for condo insurance at Miao Insurance Services in Pleasanton, CA, we are here to help.