--- title: Condo versus Homeowners...What's the insurance difference? description: Condo versus Homeowners, what is the difference? Have a representative at Dempsey Insurance explain it for you. --- [![DEM Header Logo.png](https://www.demsure.com/hs-fs/hubfs/2018%20Redesign/DEM%20Header%20Logo.png?width=460&name=DEM%20Header%20Logo.png "DEM Header Logo.png")](https://www.demsure.com/) # Dempsey Insurance Agency Blog # Condo versus Homeowners...What's the insurance difference? [Patrick Dempsey](https://www.demsure.com/blog/author/patrick-dempsey) Jun 4, 2012 9:30:00 AM - [Tweet](https://twitter.com/share)  Looking for **Condo Insurance**, but don't understand much about the policy? If you need a condo unit policy you should read the article below. 1)      You are not responsible for the entire building, only a portion. How much are you responsible for and where does your insurance start? The answer is in the by-laws of the condo association and can range from walls-in, studs-in or betterments and improvements. Your policy will work off the master insurance of the building and every condo association can set the master policy up differently, so the by-law documents are key to have when selecting insurance. Some associations will even provide a cheat sheet of the insurance you should try to purchase on the dwelling. Make sure your dwelling coverage is minimally the same as the master policy deductible. 2)      You will want loss assessment coverage on your condo policy. The condo association can assess losses to each individual condo unit owner, loss assessment can allow for your policy to step in on a covered loss if the associations’ policy can’t. ![Condo Insurance Norwood](https://www.demsure.com/hs-fs/file-17150918-jpg/images/c--documents_and_settings-pdempsey-my_documents-my_pictures-condo_insurance_norwood-resized-600.jpg?width=201&height=151&name=c--documents_and_settings-pdempsey-my_documents-my_pictures-condo_insurance_norwood-resized-600.jpg) 3)      Mortgage companies are changing their requirements and may ask for you to insure to a percentage of the appraised value. Check if this will be the case in advance. 4)      What section of the building you live in could make you want to add certain coverage (i.e. have the basement unit and a sump pump? Add sump pump coverage). Topics: [Condo Insurance Norwood](https://www.demsure.com/blog/topic/condo-insurance-norwood), [condo unit insurance](https://www.demsure.com/blog/topic/condo-unit-insurance), [condo insurance Walpole](https://www.demsure.com/blog/topic/condo-insurance-walpole), [loss assessment coverage](https://www.demsure.com/blog/topic/loss-assessment-coverage), [condo versus homeowners](https://www.demsure.com/blog/topic/condo-versus-homeowners) ### Get a Free Quote! ### Recent Posts ### Join Our Mailing List ### Posts by Topic - [homeowners insurance agency norwood (10)](https://www.demsure.com/blog/topic/homeowners-insurance-agency-norwood) - [Homeowners Insurance (9)](https://www.demsure.com/blog/topic/homeowners-insurance) - [Insurance Norwood (9)](https://www.demsure.com/blog/topic/insurance-norwood) - [auto insurance norwood (9)](https://www.demsure.com/blog/topic/auto-insurance-norwood) - [#prep4winter (7)](https://www.demsure.com/blog/topic/prep4winter) - [Car Insurance (6)](https://www.demsure.com/blog/topic/car-insurance) - [Commercial Auto Insurance (6)](https://www.demsure.com/blog/topic/commercial-auto-insurance) - [insurance agency norwood (6)](https://www.demsure.com/blog/topic/insurance-agency-norwood) - [Condo Insurance Norwood (5)](https://www.demsure.com/blog/topic/condo-insurance-norwood) - [Snow (5)](https://www.demsure.com/blog/topic/snow) - [auto insurance agent Massachusetts (5)](https://www.demsure.com/blog/topic/auto-insurance-agent-massachusetts) - [home insurance agent (5)](https://www.demsure.com/blog/topic/home-insurance-agent) - [Business Insurance (4)](https://www.demsure.com/blog/topic/business-insurance) - [Covid-19 (4)](https://www.demsure.com/blog/topic/covid-19) - [Home Insurance (4)](https://www.demsure.com/blog/topic/home-insurance) - [Winterweather (4)](https://www.demsure.com/blog/topic/winterweather) - [condo unit insurance (4)](https://www.demsure.com/blog/topic/condo-unit-insurance) - [massachusetts insurance agent (4)](https://www.demsure.com/blog/topic/massachusetts-insurance-agent) - [Cold Weather (3)](https://www.demsure.com/blog/topic/cold-weather) - [Freezing Pipes (3)](https://www.demsure.com/blog/topic/freezing-pipes) - [Personal Insurance (3)](https://www.demsure.com/blog/topic/personal-insurance) - [RMV (3)](https://www.demsure.com/blog/topic/rmv) - [Winterize your home (3)](https://www.demsure.com/blog/topic/winterize-your-home) - [thanksgiving (3)](https://www.demsure.com/blog/topic/thanksgiving) - [winter driving (3)](https://www.demsure.com/blog/topic/winter-driving) - [#HOME MAINTENANCE (2)](https://www.demsure.com/blog/topic/home-maintenance) - [#waterdamage (2)](https://www.demsure.com/blog/topic/waterdamage) - [Auto Accidents (2)](https://www.demsure.com/blog/topic/auto-accidents) - [Ice Damn Prevention (2)](https://www.demsure.com/blog/topic/ice-damn-prevention) - [Ice Dams (2)](https://www.demsure.com/blog/topic/ice-dams) - [MA License (2)](https://www.demsure.com/blog/topic/ma-license) - [Sleet (2)](https://www.demsure.com/blog/topic/sleet) - [Special Olympics August Games (2)](https://www.demsure.com/blog/topic/special-olympics-august-games) - [condo insurance Walpole (2)](https://www.demsure.com/blog/topic/condo-insurance-walpole) - [loss assessment coverage (2)](https://www.demsure.com/blog/topic/loss-assessment-coverage) - [massachusetts auto insurance policy (2)](https://www.demsure.com/blog/topic/massachusetts-auto-insurance-policy) - [umbrella policy norwood (2)](https://www.demsure.com/blog/topic/umbrella-policy-norwood) - [#summersafety (1)](https://www.demsure.com/blog/topic/summersafety) - [BOPinsurance (1)](https://www.demsure.com/blog/topic/bopinsurance) - [Hand's Free Driving in MA (1)](https://www.demsure.com/blog/topic/hands-free-driving-in-ma) - [Hand's Free Driving in Massachusetts (1)](https://www.demsure.com/blog/topic/hands-free-driving-in-massachusetts) - [MA ID (1)](https://www.demsure.com/blog/topic/ma-id) - [Over The Edge (1)](https://www.demsure.com/blog/topic/over-the-edge) - [boat insurance norwood (1)](https://www.demsure.com/blog/topic/boat-insurance-norwood) - [condo versus homeowners (1)](https://www.demsure.com/blog/topic/condo-versus-homeowners) - [flood insurance canton (1)](https://www.demsure.com/blog/topic/flood-insurance-canton) - [flood insurance norwood (1)](https://www.demsure.com/blog/topic/flood-insurance-norwood) - [flood insurance walpole (1)](https://www.demsure.com/blog/topic/flood-insurance-walpole) - [flood zone (1)](https://www.demsure.com/blog/topic/flood-zone) - [headlight law (1)](https://www.demsure.com/blog/topic/headlight-law) - [mortgage insurance requirements (1)](https://www.demsure.com/blog/topic/mortgage-insurance-requirements) - [travel safety (1)](https://www.demsure.com/blog/topic/travel-safety) - [what is an umbrella policy (1)](https://www.demsure.com/blog/topic/what-is-an-umbrella-policy) - [what is the new headlight law in massachusetts? 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