Posted May 3, 2006, 9:20 PM
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Registered User
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Join Date: Jan 2006
Posts: 38
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Quote:
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Originally Posted by colemonkee
^ Typically in a high-rise condo building, the HOA insures the building structure, property and liability, but not your personal belongings, appliances, kitchen cabinets, carpet, or anything else inside your unit. That is usually your responsibility. If you're a homeowner now, you'll be surprised how cheap it is compared to homeowner's insurance on a house. Since you're only insuring the value of the items within your unit (and not the structure, injury liability, etc.), it ends up being relatively cheap. I live in a condo and my homeowner's insurance is only $400/year. That's without earthquake coverage, which you may not need in Sacto.
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Thats good to know, thanks for the info! 
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