Catonsville, MD condo owners have a number of concerns that will need to be addressed. In many instances, these condo owners find themselves wondering if they are required to obtain condo insurance in the first place. For starters, the condominium association in question must carry master insurance policies on all of the buildings that they currently own.

These policies are also designed to cover individual units as well. Common elements are covered by these policies and this can cause condo owners in Catonsville, MD to wonder why they would require any additional coverage. 

The condo owners’ policies are known as HO-6 policies and when it comes to making the right decision for your protection, there are factors that must be considered. Unit owners themselves may not believe that they need assistance from HBW Insurance Group. After all, the condo is already protected, right?

In reality, nothing could be further from the truth. It is incredibly risky for a condo owner in Maryland to avoid these responsibilities. Not only is the condo owner typically required by law to obtain the aforementioned HO-6 coverage but they are also required to provide proof of this coverage to their condo association in most instances.

Property damage coverage is offered by these policies, especially when the structural damage occurs inside of the unit. A condo association may handle damages to common areas but they are not going to held responsible for damages within the unit. If the unit owner has decided to install any items that are designed to better the property, they are responsible for their protection.

Any condo owner in Maryland that is looking for further insight on these matters is urged to contact HBW Insurance Group as soon as possible. Take a moment to visit the firm’s website, so that you can find out everything that you need to know!