When the time comes to think about moving — whether you are leaving home for the first time or you’re a seasoned pro at relocating — one question worth asking is “What’s the difference between condo and apartment hunting?” They both seem similar enough, but after looking a little closer, you’ll find there can be big differences between renting a condo versus renting an apartment.

Take homeowners association (HOA) rules for instance. Does the condo rental you’re considering require renters to follow those rules and do you know what they are? Does your lease require you to get renter’s insurance? These are key questions to know the answers to before you sign on the dotted line. Because getting it right the first time is so important, we’ve put together this deep dive to help you decide when comparing apartments versus condos. What’s the right fit for you? Let’s take a look.

Protect your condo or apartment with renters insurance

Now that you’ve got a better idea of what you’re looking for — and what your finances can afford — you’re hopefully better able to make an informed decision on renting.

Whichever direction your choice takes you, be sure you do all you can to protect everything you’ve worked so hard for with renters insurance from American Family. And if you one day decide to buy that condo, reach out to your agent and get a quote on condo insurance to best protect everything that matters most.

This article is for informational purposes only and based on information that is widely available. We do not make any guarantees or promise any results based on this information. This information does not, and is not intended to, constitute legal or financial advice. You should contact a professional for advice specific to your situation.