Homeowners are in a bit of a pickle, as many insurers don’t cover all the homes they insure.
That means that if you’re looking to get insurance for your home, you’ll have to take out some of your own money to cover the deductible and other expenses associated with the home.
While some insurers offer insurance that covers the whole home, others cover only part of the home, such as the garage, basement, or attic.
The good news is that some homeowners insurance policies offer both a single coverage and multiple coverage.
Here are some common terms and definitions that will help you figure out which insurance company is right for you.
Single Coverage: An insurance policy that covers one or more of the following: A single-family residence, such a single-home or apartment house.
A single residence or apartment, such an apartment house with no other residences.
A second or multiple-unit dwelling, such that two or more units share the same common area.
An entire apartment building, such it includes both the unit and the shared space.
A condominium, townhouse, or other similar building, and a single or multiple family home.
Multiple Coverage: A home or condo that includes both a unit and a shared space, such multiple units in the same unit or shared space or condominiums.
In addition, multiple units that include a common area, such condominium units in a common living area.
Single Home: A building that has two or three units.
A building with three or more dwellings, including a building with multiple dwellings.
Condo: A structure with three units, such apartment units, condominium condominium apartments, and townhouses.
The term “condo” is generally used to refer to all or a portion of a single family home or apartment home, but condominium homes are sometimes referred to as “condos” and townhomes as “townhomes” in the insurance industry.
Multiple Home: One or more single- or multiple apartment dwellings, or multiple units of single or multifamily homes, that include two or all or part of a shared area.
A condo or townhouse may also be included in a “multiple unit” household.
Townhouse: A two- or three-unit building with one or two bedrooms, one or three bathrooms, and one or multiple dining areas.
The name refers to the location of the building, as in the word “townhouse,” as opposed to the word condo.
Apartment: A dwelling that includes all or most of the common area of the property, including common areas, a common garage, and shared kitchens and bathrooms.
A townhouse can also include shared areas, such kitchens, bathrooms, laundry, storage areas, and common areas.
Ap-unit: A one- or two-bedroom unit that includes one or both bathrooms.
The definition is more specific than condominium.
The word apartment is generally not used when referring to the unit type, but instead refers to units that are both a common dwelling and a common space.
For example, an apartment that has one bedroom and a bathtub in the common living space of a two-unit house can be considered a single unit, while an apartment in a two bedroom apartment can be a condominium unit.