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Condo Insurance
Your condo association has insurance to cover some parts of your unit, but typically that coverage isn’t complete. Things such as improvements you make to the inside of your condo as well as your belongings require additional insurance. Fully protect your investment and your belongings by contacting us about condo insurance today, and give yourself peace of mind.
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Condo insurance
As a condo owner, you’re purchasing a unit that is part of a larger building. Insuring the dwelling or structure of that building isn’t your responsibility as the condo association has a policy to cover that property.
However, the condo association’s policy stops where your unit begins. Your condo insurance is a type of homeowner’s coverage for the inside of your unit and its contents. Besides covering your personal belongings, it will protect things your condo association doesn’t insure, like your fixtures, flooring, or any modifications you make to the condo.
Do I need condo insurance?
You need condo insurance if you belong to a condominium association. If you’re in the process of buying a condo, the association will verify that you have a policy that meets their requirements before closing the sale.
Anyone who owns a condo needs this type of coverage. Purchasing a unit is an important investment, and you need to protect this asset with the right insurance.
What condo insurance can do for you
If you’re buying a condo with a mortgage you will be required to have condo insurance.
Condo insurance will provide you with peace of mind and better financial protection.
In the event of a fire, flood, or burglary, your personal policy will replace any stolen or damaged items. You will also get personal liability coverage that protects you from a costly lawsuit in case someone sustains an injury in your condo unit.
