Condo Insurance

Perhaps you want to be a homeowner but are not quite ready for the ongoing maintenance hassle. Then purchasing a condo is an excellent option for you. Owning a condo typically comes with membership to the condo association. By paying monthly or yearly dues, the condo association can keep up routine maintenance toward various aspects of the building and can sometimes even go toward a small insurance policy for the condo itself. It is your job to know what your condo association's policy and exclusions are before an accident happens.

Condominium insurance policies will protect your personal belongings that are inside of your actual unit. You also have the option to get liability protection for bodily injury or property damage for others that enter your unit. The majority of a condo association's insurance coverage stops at the exterior walls of your condo, which means you are responsible for everything else residing inside the unit including interior walls, fixtures and all personal property and liability. With personal condo insurance, all of these items will be covered, as well. Most policies will include coverage for losses as a result from:

  • Fire or Lightning
  • Windstorm
  • Smoke
  • Vandalism or Malicious Mischief
  • Theft
  • Accidental Discharge of Water