I own a condo or townhouse. What does my own policy cover and who covers the outside?

TDI says condominium insurance covers your personal property and the interior of your unit. It also gives liability protection and pays additional living expenses [1].

For a townhouse, TDI says the policy can cover the inside and outside, or only the inside. The difference depends on whether the homeowners association has a master policy that covers the exterior. If it does, you can buy a policy that covers only the interior. If the master policy does not cover the exterior, you can buy a policy that covers both [1].

For a renter, TDI says renters insurance covers your things but "won't pay to fix the house or apartment building". The building owner's policy does that [1]. TDI says mobile home insurance covers the mobile home, your personal property and additional living expenses, and it also provides liability coverage [1].

Open the TDI guide below and read "Other types of property insurance".