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Old 08-08-2009, 04:38 PM
 
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This is something I'm wondering about. Since part of the monthly common charges goes towards insurance for the exterior of the condo, does that reduce the amount you pay for homeowner's insurance a lot?
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Old 08-09-2009, 10:04 AM
 
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Basically, yes.

Of course, read the governing documents to make sure, and ask the realtor/property manager, but generally you would only be responsible for obtaining an "interior" policy, which is much much lower.
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