Typically, townhouses and condominiums require a different amount and type of insurance than do houses, however, it would be careless to go without an insurance policy to cover your personal assets and property within your condominium or townhouse.
Beyond personal property such as paintings, furniture, and other portable objects, when insuring a condominium or townhouse, it is suggested that the owner of the condo or townhouse insure fixtures within the dwelling, such as cabinets and shelves, as well home appliances, such as dish washers and refrigerators.
Similar to auto insurance, it is important to make sure your condominium and townhouse insurance (Allen, TX and Plano, TX included), includes a liability section in case anyone injures themselves on your property, as the owner of a property is typically held responsible for any medical expenses incurred by injuries occurring on his or her property.
A quality insurance policy for a condo or townhouse owner would also include a portion in it that would cover the costs of living expenses should one’s living space become uninhabitable. In order to obtain an insurance policy for your condominium, an HO-6 form must be filed with an insurance company. This form includes coverage for the various situations discussed above (i.e. personal property, liability, etc.).