The best deals and quotes on condos, apartments and homes in Palm Beach County.
Buyers can shop for insurance from companies like Florida Statutory Insurers, which offer rates for condos and apartments up to $1 million.
But you’ll also find rates for rental properties that range from as low as $500 a month for a one-bedroom condo to $2,000 for a two-bedroom apartment.
Here are some of the most common types of condo insurance: 1.
Condo Insurance – If you want to make sure you’re getting the best deal on a condo, consider this type of policy.
The company will pay a percentage of the cost of a condo to cover claims.
A 10 percent down payment on the condo is a typical rate, and you can buy the same condo for as little as $200 a month.
However, if you’re buying a home, the company will also cover the rest of the purchase price, which means the value of your condo will also increase.
2.
Condominium Accommodations – A condo owner may choose to offer condos as an additional option for people with special needs.
They may rent out rooms in their condo and offer special programs to assist those with disabilities.
If you’re a renter, condo owners may provide an extra suite to help with the costs associated with disability-related claims.
You’ll be charged a $1,000 premium for the suite, but the value will increase as the number of guests increases.
3.
Condos With Multiple Units – Condos that have multiple units are known as mixed-use condos, which are typically affordable and have high rental value.
In some cases, condos are located in more than one building.
For example, if the condo has three floors, the property owner can choose to build the same floor as a kitchen or bathroom.
The condo may also have multiple suites, each of which has its own bathroom, and each suite can be rented out for different periods of time.
4.
Condoms for Pets – If your condo has pets, you may want to consider purchasing a pet-friendly condo, even if you only have one.
This type of condo will help you save money on your monthly mortgage, and it may include a pet carrier.
5.
Condoaners – Condoaner companies offer insurance for condo owners to cover damages, including mold and moisture damage, if a tenant is injured while living in their unit.
The premiums on condoaners vary, but they generally range from $250 to $800 per month.
6.
Condozers – These condos are usually rented out to families who want to have more than a single apartment, but may have multiple rooms.
The owner of a condozers may charge a monthly premium, but it varies from $150 to $350.
7.
Condodes – Condodes are a type of condominium that allows residents to have multiple bedrooms, but also include two baths, and can be rent-free.
The cost of condodes typically ranges from $300 to $600 a month, but there are some rare cases when condo owners can offer a discount on condodes to residents who are already paying a mortgage on their condo.
8.
Condojos – Condojes are a condominium unit that includes a kitchen and living area.
Condogos may also include laundry, a pool, and other amenities.
9.
Condodens – Condoden units are used primarily by first-time homebuyers.
Condoderos are the condos that most people rent out to their parents and grandparents.
Condodyos are condos that are rented out only to seniors and other people who need to use them for special events or events that require special accommodations.
10.
Condominas – Condominos are typically built by single-family homes.
Condom owners may choose from a variety of types of condos, ranging from small units to large ones, and condos typically cost between $400 to $700 per month, depending on the size of the unit.
Condombos are a separate type of condos.
Condomanas are usually larger units, ranging in size from four to six bedrooms.
