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Ohio condo insurance vs. Ohio home insurance- Alan Galvez InsuranceThere are many similarities between condo ownership and homeownership. After all, you own property in both scenarios. Yet these types of homes are quite different, which affects how you insure them. Buying the wrong type of insurance could result in you being under-insured or over-insured, neither of which is an ideal position to be in. Let’s take a closer look at how these homes differ and how that correlates to insurance needs.


With a house, you own the structure and the land it’s built on. That means you’re responsible for the exterior and roof, as well as the landscaping and any outdoor structures like a pool or gazebo. Your home insurance needs to include enough coverage to protect the total overall value of all of these assets. For this reason, home insurance policies are often more pricey than condo insurance policies (and renters insurance policies).


Unlike a house, many condo units are contained within the same building. And these buildings are often managed by condo associations. This means that the exterior of the building and the roof are technically community property, not any one resident’s. Essentially, a condo insurance policy covers your property from the sheetrock in, since that’s what you own. Because there’s (typically) less to cover, these policies may come with a lower premium than a homeowner would pay.

In either situation, it’s vital to ensure that your policy takes into account the value of your assets, including both your home and the belongings stored within it. Your independent insurance agent can help you find a policy that best meets your needs.

For additional information about condos, read the following articles:

Condo agreements and how they relate to insurance

Differences between a condo policy and a home policy

We’ve got you covered. Call or request your condo quote today

Posted 4:00 PM

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Bellefontaine, OH 43311

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