Personal Insurance Options
A condominium combines the convenience of apartment living with the investment advantage of ownership. This form of ownership may create some unique insurance challenges. Daman Associates Inc. offers a policy specifically designed for individual condominium unit owners.
Buying insurance is different for a condominium unit owner than for owners of conventional homes or renters. That is why a special unit owners policy has been developed.
In many instances, the condominium/association entity assumes responsibility for insuring certain types of damage to the dwelling structure. When the condominium/association insures the structure, a unit owner policy is normally written to cover the unit owner.