Condo Fees: Includes Hazard Insurance?

Credit and mortgage advice Forums Home Insurance Condo Fees: Includes Hazard Insurance?

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    Looking into possibly purchasing a condo or townhouse. The condo fees are approximately 2 to 3 times more than the HOA fees for a townhouse, between the ones I was looking at.

    The condo fees include water/sewage and also hazard insurance in which the HOA fees do not include.

    If I purchased the condo, does that mean that I won’t have to pay the “I” (insurance) part of the Principle, Interest, Tax, Insurance (PITI) because it is already included in the condo fees?

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