DEAR BOB: I recently purchased my first home, a townhouse condominium. While getting acquainted with my new neighbors, the subject of insurance came up. One of my neighbors, who rents her townhouse condo, says she has a renter's insurance policy. Since I am an owner, do I also need a renter's insurance policy? --Nancy B. DEAR NANCY: No. As a condominium owner, you need a condominium owner's insurance policy. It will protect you against negligence liability, such as when somebody is injured in your condo. The policy also provides coverage for fire or other damage to your furnishings, theft, accidents and damage to the interior of your condominium. Purchase Bob Bruss reports online. The homeowners association carries a master insurance policy on the buildings and common areas. This policy provides liability coverage and for structural loss such as due to fire, wind, water damage (but not flooding) and other coverages. If you buy your condo owner's policy from your automobile insurer, you...
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