All About Condo Living
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Before you purchase a condominium policy, check with your condominium association to make sure you’re buying the insurance you need.

• Find out what parts of the interior are covered by your condo association’s insurance and what items are your responsibility. Then make sure that you have adequate insurance to cover repairing or replacing the items for which you are responsible.
• The contents of your condominium are not insured under the association’s master condominium policy. So, estimate the cost to replace your contents and buy insurance for that amount.
• Your association’s master condominium policy does not provide any liability coverage for your unit or your personal exposures. So, make sure you purchase adequate liability insurance, usually $300,000 to $500,000 or more, depending on your situation.
• If your association has insufficient funds, you may be assessed a proportionate share to pay for damage to your building and other situations. Check to see whether the condominium insurance you purchase covers these assessments. You may wish to buy Loss Assessment Coverage, which is available in amounts of $5,000, $10,000 or more.

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Who needs condo insurance?
You live in a condo, and the association has insurance. So why do you need insurance, too?

Your condominium association insurance covers the condominium building, commonly owned property, and liability insurance for the association. But that insurance doesn’t cover losses to your unit as a result of a burglary, if water damage ruins your living room walls, or if someone slips on your wet kitchen floor and is injured.

That’s why you need condominium insurance designed specifically for condo or co-op owners. Condominium policies protect you from losses to your personal property and the interior of your unit. You will also have liability protection for bodily injury or property damage to others. It’s easy to get a quote for a condominium insurance policy that will provide these coverages.

The articles of the condominium association and state law determine exactly which building components are covered under the association’s master insurance policy. In most instances the association’s coverage stops inside the exterior walls meaning that you are responsible for the interior walls and possibly for fixtures, as well as your personal property and liability exposures.

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As a condominium owner, one needs to insure not only their personal possessions in the condo, but also any built in units such as cabinets, fixtures, appliances and shelves. In addition to covering the personal property, a condo owner also needs liability coverage. The liability portion of the policy would cover injures or damage to people or property that the condo owner would be liable for.

Below is a checklist of the top four questions to consider when choosing a condominium insurance policy:

1. What are your ownership and insurance responsibilities in the condo association’s Master Deed (the insurance requirements the association expects from you)?

2. Does the policy you are considering include broad water damage coverage for problems such as sewer and drain back-ups?

3. Does your condo association provide comprehensive or blanket coverage to protect you against other condo owners who may not have adequate coverage?

4. Do you have expensive personal items such as jewelry or furs that you may need additional personal property coverage for?

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Ok… Condo Dwellers out there… You Just purchased a new condo unit and You have just successfully moved in to your Condo Unit Part 1 and part 2, so it’s time for some R’n'R or maybe not… Also You can check Out some Kitchen Ideas…
Ok, so you’ve found yourself a nice little condo unit. What next? Buy a rice cooker and do a “MacGyver“.

Yes. A rice cooker. Apart from the fact that buying pre-cooked rice is a lot more expensive, a rice cooker can actually serve as a pretty nifty frying pan. As odd as it may sound, you can actually prepare yourself a nifty little bacon and eggs breakfast using only a rice cooker.

Here’s how. First, prepare the rice as you normally would. Once that’s done, the fun part. Put a little bit of oil in the rice cooker and wait for it heat up a little. Throw in the bacon and proceed as though it were a regular frying pan. Then, fry an egg as you normally would with a regular frying pan. Removing the egg can be a bit tricky at first but with a little practice, it will eventually become easier.

Presto! Bacon and eggs using nothing but a rice cooker. Not only do you get to save on the gas bill but you get to impress a date that happens to come over for breakfast (yes, I get that sometimes).

Enjoy!