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Whether you live in a condo or rent your condo out, you still need condo coverage. Not only does a condo policy provide coverage for household contents, personal property and personal liability protection, but it also provides coverage for unit improvements that you have done on your condo, for special assessments due to insured damage to or liability arising out of common areas caused by a shortfall in the condo corporation’s policy. It also provides additional protection on your condo in the event of inadequate building insurance.
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