I recently purchased a condo and need insurance. One of the things that I would like to have coverage is for my interior. Most insurance companies have policies that cover my "dwelling" or the building property insurance. I've been getting quotes from various insurance companies and brokers.
Country agent told me that they do not have dwelling coverage but that "loss assessment" would cover the drywall and the interior if something should happen. I've done some online searching and that seems vague at best.
If I understood the agent correctly, if my neighbor's shower started leaking and destroyed my bathroom I would be covered? Is that true? I need to know before I make my descion. I want my falls, cabinets, and the inside "built in things" to be covered in case the neighbors have problems and their insurance would not cover.