A condominium's association will have an insurance policy that covers the buildings. This can lead the owners of each individual condominium unit to believe that their belongings are covered under these policies, but this isn't necessarily the case. The association's insurance policy typically covers the outside of the building which means that the things people have in their condominium homes aren't covered. This is why these homeowners need condominium insurance. Owners of condominiums will not be looking for a homeowner's policy or even a renter's policy; they will need to make sure that they are seeking an insurance policy specifically for condominiums. The condominium unit owners will have to know everything their associations' policies do and do not cover in order to know what will need to be covered under their personal policies. The association's policy will, most likely, not cover the unit owners' personal items. This would include everything within the unit such as clothes, furniture and jewelry. The fixtures and the appliances may be covered under the association's policy but if they aren't, the condo insurance must include these types of items as well. Sometimes, people make improvements to their dwellings. Some association policies generously cover these improvements but if the policy doesn't, the right condo insurance policy will pay to repair any damage done to the improvements people have made. Before purchasing condo insurance, these homeowners need to take an inventory of all of the property inside the home that they would like to be covered under their policies. Don't forget about all of the items that are being stored in the garage; these items can also be covered under a condo insurance policy. Condo insurance can be made more affordable by seeking a quote from several different insurance companies. People may also agree to have a higher deductible; the higher they set their deductible, the lower the insurance company can set their premiums. They may also qualify for any discounts the insurance company has to offer. Lastly, if they purchase other types of insurance from the same company such as their auto and life insurance policies, they may be entitled to a bundling discount. The homeowner's insurance policy may have extensive coverage for each individual condominium unit, but these policies won't necessarily cover everything. All owners of condominium units need to find out what these policies don't cover and purchase their own policies to ensure that they can replace their belongings.