Condo Insurance
This coverage may help bridge the gap between your condo association’s insurance policy and what’s your responsibility. The condo association’s insurance policy may provide protection for damage to the physical structure of your condo unit, and common property of the condo association. Your condo insurance policy can cover your personal belongings and items in your home, and can also provide personal liability coverage.
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Condo Insurance Coverage
Dwelling, Additions and Alterations
A condo unit owner’s policy can also provide coverage in other situations as well. According to your condominium declaration and/or bylaws, and/or the state where you live, you may be responsible for interior parts of your unit such as glass, walls and doors. Additions, alterations and other improvements made to your unit can also be covered up to the dwelling coverage limit.
A condo unit owner’s policy can also provide coverage in other situations as well. According to your condominium declaration and/or bylaws, and/or the state where you live, you may be responsible for interior parts of your unit such as glass, walls and doors. Additions, alterations and other improvements made to your unit can also be covered up to the dwelling coverage limit.
Coverage for Other Structures
You may own other structures that are not part of your condo unit, such as a carport, detached garage or storage shed. If these structures are not considered to be common property, they generally are not covered under your association's insurance policy. Coverage options may be available as part of your condo policy.
You may own other structures that are not part of your condo unit, such as a carport, detached garage or storage shed. If these structures are not considered to be common property, they generally are not covered under your association's insurance policy. Coverage options may be available as part of your condo policy.
Personal Property Coverage
A condominium unit owner policy can provide coverage for your furniture and personal possessions against covered risks, such as fire, lightning and hail. Also known as “contents coverage,” it can help ensure that your property is protected up to the amount of protection you purchase.
A condominium unit owner policy can provide coverage for your furniture and personal possessions against covered risks, such as fire, lightning and hail. Also known as “contents coverage,” it can help ensure that your property is protected up to the amount of protection you purchase.
Theft Protection
The condominium unit owner policy can also protect your property against many types of theft loss in your condo or anywhere in the world. Also included is coverage that can pay for theft from your unattended car or boat.
The condominium unit owner policy can also protect your property against many types of theft loss in your condo or anywhere in the world. Also included is coverage that can pay for theft from your unattended car or boat.
Loss of Use Coverage
If your unit is damaged and you have to move out while it's being repaired, loss of use coverage can help. The policy can pay for additional necessary living expenses (which can include hotel, meals, laundry, etc.), up to a percentage of the contents coverage amount you selected. This is subject to coverage terms and limits.
If your unit is damaged and you have to move out while it's being repaired, loss of use coverage can help. The policy can pay for additional necessary living expenses (which can include hotel, meals, laundry, etc.), up to a percentage of the contents coverage amount you selected. This is subject to coverage terms and limits.
Personal Liability Coverage
If a claim is brought against you or you are sued for accidentally hurting other people or damaging their property, liability coverage can help to cover the associated legal costs and related damages. Most condo unit owner policies provide $100,000 (minimum) in personal liability coverage for covered bodily injury and property damage sustained by others for which you or covered residents of your household are legally responsible.
Many homeowners insurance policies provide a minimum of $100,000 in personal liability coverage, meaning the insurance company can pay up to that amount in total to injured persons per occurrence. If you feel you need more protection, higher limits are available. You can also purchase a personal liability umbrella policy if you think you need additional liability coverage.
If a claim is brought against you or you are sued for accidentally hurting other people or damaging their property, liability coverage can help to cover the associated legal costs and related damages. Most condo unit owner policies provide $100,000 (minimum) in personal liability coverage for covered bodily injury and property damage sustained by others for which you or covered residents of your household are legally responsible.
Many homeowners insurance policies provide a minimum of $100,000 in personal liability coverage, meaning the insurance company can pay up to that amount in total to injured persons per occurrence. If you feel you need more protection, higher limits are available. You can also purchase a personal liability umbrella policy if you think you need additional liability coverage.
Medical Payments
Most liability coverage can pay up to $1,000 per person in necessary medical expenses regardless of your legal responsibility for guests who are accidentally injured on your property. It also can provide coverage in other situations as well. Higher coverage amounts are available.
Most liability coverage can pay up to $1,000 per person in necessary medical expenses regardless of your legal responsibility for guests who are accidentally injured on your property. It also can provide coverage in other situations as well. Higher coverage amounts are available.
Condo Insurance Deductibles and Limits
Your condo insurance deductible is the amount of a covered claim that is your responsibility. The amount you choose for your insurance deductible depends on how much you're prepared to pay if you have a covered loss.
Your condo insurance deductible is the amount of a covered claim that is your responsibility. The amount you choose for your insurance deductible depends on how much you're prepared to pay if you have a covered loss.
Our representative can help you understand your coverage requirements
and help select the best amount of coverage that's right for you.
and help select the best amount of coverage that's right for you.
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