Do All Condos Have To Have Insurance?

Do all condos have to have insurance? There is no one-size-fits-all answer to this question. The insurance requirements for condos will vary depending on the location and other factors. However, in most cases, yes, all condos will need to have some form of insurance. This article will explain why this is the case and what types of coverage are typically recommended for condo owners.

Top Reasons Why Condos Need Insurance

One of the main reasons that condos need insurance from reputable companies such as High Favor Insurance in Birmingham, MI is to protect the common areas. The condominium association’s policy will typically cover the building itself but not the contents of the units.

This means that the condo owners will be responsible for repairing or replacing their belongings if there is a fire or other damage to the common areas. Having insurance will help to protect you from having to pay out of pocket for these repairs.

Another reason that all condos should have insurance is that it can help to cover the costs of liability if someone is injured on the property. If someone slips and falls in the common area, the condo association’s insurance will typically cover the medical expenses.

Best Types of Covers for Condos

A few different types of coverage are typically recommended for condos. The first is content coverage, which will help to protect your belongings in the event of damage or theft. It’s important to note that this coverage does not typically extend to items stored in common areas, such as a storage locker.

Personal liability insurance is also recommended. It’ll help cover the costs of any legal fees and damages you may be responsible for if someone is injured on your property.

Last but not least, most condo associations will require owners to have some form of property insurance. This will help cover the repair costs in the event the common areas are damaged.


When it comes to insurance, there is no one-size-fits-all solution for condos. However, in most cases, it is recommended that all condo owners have content coverage, personal liability insurance, and property insurance. For more information about the best types of coverage for your condo, contact High Favor Insurance in Birmingham, MI, today.