At some point, you’ll probably be ready to own property. Maybe you’ve finished a business degree using accredited online degree programs and you want to be a landlord. Or maybe you’re simply ready to pay a mortgage instead of rent.
A condominium, commonly called a condo, is a great investment for those ready to leap from the safety net of renting but who aren’t quite ready to own a home. You own property, but a lot less responsibility and often less liability are associated with the purchase.
When you purchase your condo, you’ll be asked to get a condo insurance policy. Basically, it insures both you and the property in the event of an accident. But there’s more to choosing a policy than taking the first policy presented to you. It’s important to do thorough research and know what you’re getting into before paying your premium.
Condo Insurance versus Homeowners … Read the rest