If you own a condo, you want to be sure to have condo insurance instead of home insurance. Home insurance cannot provide you with the types of protection you need for your condo. These are just a few reasons from M8 Insurance, serving Salt Lake City, UT, why home insurance is not a substitute for condo insurance. 

• Your home insurance likely has more liability coverage than you need. When you own a condo, you only need enough liability insurance to cover your dwelling. Home insurance likely has too much, and you will end up paying more for that type of coverage, which is excessive. 
• You need protection from your neighbors in the building. More often than not, home insurance will not protect you or provide coverage for any damage to your unit that is caused by your neighbors. This is because there are not usually neighbors like this in place. Condo insurance would help you with this damage if it were to happen. You do not know what they are doing so having this coverage in place is best.
• You need coverage for anything not covered by the building. Most buildings will have coverage of some sort in place, but if there are things that their insurance does not cover as part of their policy, you will want to have this coverage built into your policy. Home insurance policies are not set up to account for these things making condo insurance the better overall fit for your needs. 

Now that you know the key differences between a condo and home insurance, you need to ensure that you have condo insurance in place for your condo. Contact M8 Insurance, servicing Salt Lake City, UT, to get started with your condo insurance quote today. If you are not in Utah, we also offer policies to a variety of other states. Ask an agent to find out if you are in one of our serving states.