One thing you have at the back of your mind while searching for condominium insurance is to get the cheapest available policy and not with just any firm, but with a top rated firm as well. You can achieve this by reading this article carefully.Why you Need Condominium InsuranceCondominium insurance is quite unlike the standard home insurance because your insurance firm usually uses a master policy to insure your building. The policy usually covers the wall structure, the floors of the building and as well as the structure of the roof.Since the insurance policy of the association only cover the floors, walls and roof, there is a need for you to insure your personal belongings, home appliances as well as the inside of your house. Before you purchase any insurance policy, there is need for you to contact your condominium association so as to get information on what is covered and what is left out.Categories of Condo InsurancePersonal Property Insurance/Coverage: This insurance reimburses or compensates you when your personal belongings such as clothes, furniture, tools, sports gear and electronics are lost through smoke, fire, water leaks caused by plumbing errors and acts of nature.Condo Liability Insurance: This category of condo insurance gives you protection or coverage just in case someone gets himself injured in your condo and charges you to court. The liability insurance takes care of any damages awarded by the court in addition to any legal fee you might incur if you are charged.The coverage provided for under this policy has a standard cost of between $100,000 to $ 300,000 coverage values. But if you have many assets to insured you can purchase additional coverage to take care of your needs.Where To Get Affordable Condo Insurance CoverageThe cost of purchasing Condo Insurance is not the same and they vary from one insurer to another, the most effective way you can get cheap price quote is to get information from an insurance comparison website, there you will be able to get and compare quotes from different insurance companies. If you are able to get a cheap quote, you can even reduce your rate further by:•Increasing your deductible: Through this, you will be able to save hundreds of dollars each year from your premium. Increasing your deductible has been known to be one of the biggest savers of money.•Ensuring that you get every available discount that you are eligible for, ensured that you get discounts for using smoke detectors, for installing burglary proof/ alarm system, window locks and dead bolts, get discounts for non- smoking if you are non- smoker, ensured also that you get a discount for being a senior citizen if you are 55 years and above. •Never assume that your insurance company will offer all the discounts you are qualified for to you. Make enquiries about the discounts you are eligible for and ensured you have them included in your coverage policyIn conclusionIt is quite easy and very simple to check different price quotes from the websites of insurance providers therefore you can easily get yourself a great deal at a very affordable price. All that is required of you is to fill some simple online questionnaire with accurate information about your condominium and you will get a price quotes.Recently, I carry out an online evaluation for my home coverage plan and I was really surprised at how much I have been able to save. My insurance policy premium was $895 yearly. I didn’t spend up to 3 minutes to complete the required information and submit the form, and even before 5 minutes after submitting, I already got 4 email quotes waiting in my inbox in addition to telephone calls from some insurance agents in my locality. Here’s the site I used.