Home Insurance in Salem>Question Details

Jford, Other/Just Looking in Salem, MA

what's the average home owners insurance payment for a $180,000 condominium in salem, ma?

Asked by Jford, Salem, MA Mon Jan 11, 2010

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Andrew Adams’ answer
Typically you don't have a seperate insurance policy on a condo, you may have to suppliment the insurance with an HO6 Policy (Walls in Coverage) which is around $200 annually.

your condo fee usually will cover the master insurance as well as the upkeep of the common areas. that fee can range a ton depending on the condo and ameneties.
1 vote Thank Flag Link Mon Jan 11, 2010
Your Condo Fee should cover your property insurance. However, you would want to get content insurance and that will vary due to what you include. Consult your Condo docs to see whats included in your Master Insurance and than speak with a local insurance agent for the rest.
Web Reference: http://www.mdmrealtyinc.com
0 votes Thank Flag Link Tue Jan 12, 2010
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