When you own a condominium, you are responsible for what's inside your condo not your condo association. Having a personal condo insurance policy is an important protection for your investment.
Condo associations have master policies that cover the association property, common areas and physical structure of your building. The master policy typically will not cover the interior structure of your condo or your legal responsibility to others. Condo associations may also have the right to levy a “loss assessment” on unit owners should there be a claim against the master policy.
That's where condo insurance comes in.
As a condo owner, you have unique requirements for protecting your property, because your building and your individual unit have separate needs. While your condo association may have an insurance policy, only condo insurance covers your personal property and personal liability. So you can rest assured you're personally protected.
- Damage to your furniture, clothing, appliances and other personal items
- Your personal belongings, whether they're in your home or elsewhere
- Common loss assessments made by the condo association for all unit owners
- Your personal liability in the event someone is injured or their property is damaged
You can also select policy enhancements and add-ons such as valuable items coverage for your belongings for full replacement costs regardless of depreciation.
Along with our competitive rates, you can get an array of money-saving discounts based on factors like your claim history and your condo's security features, such as smoke detectors, dead bolts, fire extinguishers and alarm systems.
You can also save on your Condo insurance when you buy other insurance policies with the same insurance company, like auto, umbrella or boat insurance.