The Difference Between Renters and Condo Owners Insurance

LAS VEGAS - June 22, 2021 - PRLog -- Did you know that of all the homeowner's and renter's insurance claims that are filed, about 98% of them are related to property damage? In all likelihood, your home holds some of your most valuable possessions. While we like to think our homes are safe, the fact is that we are all vulnerable to damage from fires, flooding from burst pipes and even theft.

No matter what type of home you live in, having adequate insurance goes a long way in protecting yourself financially. However, the type of dwelling you live in determines what type of coverage you need. Homeowner's insurance seems pretty obvious; if you own a single-family home, you need homeowner's insurance. However, if that is not you, deciding between condo insurance and renter's insurance can be a little more challenging.

Do I Need Renters or Condo Insurance?
In most cases, a landlord, property manager or condo association requires all residents to have insurance. If you are moving to a new home and do not know what is required, speak with the owner.

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Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV 89032
(702) 898-0554
Website: NevadaInsuranceEnrollment.com