Although similar in many ways to Homeowners insurance policies, condominium unit owner policies have some significant differences.

• A condominium policy insures against damage to the condo unit, including alterations, appliances, fixtures, and improvements in it and parts of the real property that the condominium agreement makes the responsibility of the unit owner.
• A condo policy does not cover structures that the owner rents or holds for rent to a person who is not a tenant of the building.
• The policy does not cover structures from which anyone conducts a business or which store some types of business property.
• The condo policy covers removal of an owned tree only if the insured person is the sole owner of it; if all the unit owners in the building share ownership of the tree, the policy does not provide coverage. Also, it does not cover a tree that has not damaged the structure and is blocking a ramp or driveway.
• The condo unit owner’s policy covers the unit only for those perils that the policy lists as covered. It is possible that a loss covered by a Homeowners policy would not be covered by a condo unit owner’s policy.

Your Farm Bureau Insurance agent will be happy to discuss your particular situation and help you determine the best protection.